The minister responded that the government was moving quickly, focusing on regulation of the scrap metal industry and stronger enforcement powers to bring those carrying out the crimes to justice.

BBC: Government plans legislation to tackle metal theft

As often happens in its regulation of health care, Medicare is focusing on abuses.

FORBES: Learning the Right Lessons from Hospice

However, the key to getting regulation right is not just understanding why and how markets fail, but also focusing on when they tend to fail.

FORBES: Magazine Article