Caveat emptor - Revision history

Aschlafly: copy edit

2017-07-10T16:51:57Z

copy edit

Aschlafly at 01:58, July 10, 2017

2017-07-10T01:58:57Z

DavidB4-bot: /* top */Spelling/Grammar Check, typos fixed: eg → e.g.

2016-07-14T17:16:26Z

top: Spelling/Grammar Check, typos fixed: eg → e.g.

DavidB4-bot: /* top */clean up & uniformity

2016-07-12T04:01:35Z

top: clean up & uniformity

CPalmer: an example - food

2011-10-07T16:01:15Z

an example - food

GrahamB at 15:56, October 7, 2011

2011-10-07T15:56:17Z

Aschlafly: cat

2009-07-26T14:12:26Z

cat

Aschlafly: undeadend

2007-08-29T04:09:14Z

undeadend

New page

'''Caveat emptor''' is [[Latin]] for "let the buyer beware."

It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation.
[[Category:economics]]

@@ Line 1: / Line 1: @@
 '''Caveat emptor''' is [[Latin]] for "let the buyer beware."
-It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party.
+It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibility of a nanny state to intervene, in the alleged best interest of one party.
-Avoiding the [[Worst College Majors]] is an example of caveat emptor.
+Avoiding the [[Worst College Majors]] is an example of ''caveat emptor''.
-For example, in the [[United Kingdom]] the Food Standards Agency regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for the FSA's abolition, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (e.g. desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps merely requiring proper disclosure and ensuring the food is safe to eat, but not otherwise prohibiting what can be sold.
+Another example, in the [[United Kingdom]], is how the Food Standards Agency regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for  abolition of the FSA's costly requirements, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (e.g. desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps merely requiring proper disclosure and ensuring the food is safe to eat, but not otherwise prohibiting what can be sold.
 [[Category:Economics]]
 [[Category:Latin Phrases]]

@@ Line 3: / Line 3: @@
 It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party.
-For example, in the [[United Kingdom]] the [[Food Standards Agency]] regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for the FSA's abolition, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (e.g. desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps ensuring that food is safe to eat but not intervening further with health-related regulations such as [[salt]] and [[fat]] content.
+Avoiding the [[Worst College Majors]] is an example of caveat emptor.
 [[Category:Economics]]
 [[Category:Latin Phrases]]

@@ Line 3: / Line 3: @@
 It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party.
-For example, in the [[United Kingdom]] the [[Food Standards Agency]] regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for the FSA's abolition, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (eg desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps ensuring that food is safe to eat but not intervening further with health-related regulations such as [[salt]] and [[fat]] content.
+For example, in the [[United Kingdom]] the [[Food Standards Agency]] regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for the FSA's abolition, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (e.g. desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps ensuring that food is safe to eat but not intervening further with health-related regulations such as [[salt]] and [[fat]] content.
 [[Category:Economics]]
 [[Category:Latin Phrases]]

@@ Line 4: / Line 4: @@
 For example, in the [[United Kingdom]] the [[Food Standards Agency]] regulates what food can be sold, how it can be packaged, and so on. A pure application of ''caveat emptor'' would argue for the FSA's abolition, leaving it up to consumers to decide what food to buy, and trusting to producers' best interests (eg desire for repeat business) to incentivize them to produce food that is safe and of a suitable quality (see [[invisible hand]]). More moderate advocates of ''caveat emptor'' might argue for a minimal role for the FSA, perhaps ensuring that food is safe to eat but not intervening further with health-related regulations such as [[salt]] and [[fat]] content.
-[[Category:economics]]
+[[Category:Economics]]
 [[Category:Latin Phrases]]

@@ Line 2: / Line 2: @@
 It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party.
 [[Category:economics]]
 [[Category:Latin Phrases]]

← Older revision		Revision as of 14:12, July 26, 2009
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	It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation.		It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation.
	[[Category:economics]]		[[Category:economics]]
		+	[[Category:Latin Phrases]]