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Advocates of consumer safety regulation, an active and controversial area of public policy in the United States, contend that markets do not adequately protect the interests of vulnerable consumers; market traditionalists respond that public agencies increasingly make risk/safety decisions that individual citizens ought to be making for themselves. This book, written by an economist, critically assesses the rationales for, and the effects of, our major consumer safety programs. Addressed to a general audience, and incorporating relevant literature on cognitive psychology as well as economics, the author argues that although legitimate reasons for public protection of consumers exist in some markets, the particular programs we adopt often produce results that fall far short of what their advocates desire, and at least occasionally yield perverse outcomes.
This book explains how revamped consumer protection regulations, allowing greater individual choice, along with the government partially shifting to more of an advisory role, can save many thousands of lives annually, and make medicines and other products radically cheaper. Major case studies include the FDA, TSA passenger screening, and Uber versus taxis.
Publicly Available Consumer Product Safety Information Database (US Consumer Product Safety Commission Regulation) (CPSC) (2018 Edition) The Law Library presents the complete text of the Publicly Available Consumer Product Safety Information Database (US Consumer Product Safety Commission Regulation) (CPSC) (2018 Edition). Updated as of May 29, 2018 The Consumer Product Safety Commission ("Commission," "CPSC," or "we") is issuing a final rule that would establish a Publicly Available Consumer Product Safety Information Database ("Database"). Section 212 of the Consumer Product Safety Improvement Act of 2008 ("CPSIA") amended the Consumer Product Safety Act ("CPSA") to require the Commission to establish and maintain a publicly available, searchable database on the safety of consumer products, and other products or substances regulated by the Commission. The final rule interprets various statutory requirements pertaining to the information to be included in the Database and also establishes provisions regarding submitting reports of harm; providing notice of reports of harm to manufacturers; publishing reports of harm and manufacturer comments in the Database; and dealing with confidential and materially inaccurate information. This book contains: - The complete text of the Publicly Available Consumer Product Safety Information Database (US Consumer Product Safety Commission Regulation) (CPSC) (2018 Edition) - A table of contents with the page number of each section