Thank you for the opportunity to help you with your question!
The top issue some economists in the US have with the regulations initiated in the 1970's is that the regulation specifically effects and limits big business. The economists, typically agreeing with Adam Smith's philosophy of allowing business to regulate itself, find issue with the government limiting big business in any way, shape or form. They follow that business in a free economy should control itself, and find the 1970's regulations as therefore harmful to free enterprise (laissez faire).
Please let me know if you need any clarification. I'm always happy to answer your questions.
s we move into the last phase of our course, please gather your thoughts about the value of philosophical thinking concerning issues in the 21st century. Can you articulate three major contributions the philospohers we have read can make to understanding ideas and issues of the 21st century?
Please formulate your response in 1-3 paragraphs, referring frequently to our philosophers.
I'm sorry, this doesn't pertain to the original question asked, and as I did not take the course with you, I do not have knowledge of the philosophers you studied nor do I know how those philosophers relate to the 21st century. I suggest opening this question up for all of Studypool.