Abstract
As one of the economical fundamental modes of government, economic regulation plays very important role to correct the market failures, develop the economic and society. Understanding and grasping the general theory of economic regulation, such as its formation and the development, its connotation, its reasons, its content and the ways and so on, has effective significance to promote the economic regulation. Economic regulation mainly cause of market failures, but during correcting and overcoming the market failures, economic regulation also has a series of failures, such as high cost, low efficiency, the corruption and so on. Because of regulating excessively, government information not completeness, regulatory capture and so on. Therefore, we must carry on reform to the economic regulation, deregulating suitably, introducing incentive regulation, carrying out democratization regulation, increasing law safeguard, coordinating rules and regulation. For our country, on one hand, we should profit from West's theory achievement and the experience; On the other hand, we must face up to our country national condition, concrete questions concrete analysis.
