March 18, 2026
Location: Schlegel Eisenberg Rotunda
Regulation is a powerful force in the United States. It shapes how individuals build their livelihoods and how society pursues important goals. Yet regulation is often seen as a vast and technical system, dominated by lawyers and lobbyists, and difficult to understand in practice. In this talk, Dr. Kalmenovitz will take the audience on a guided tour of the regulatory system, unpacking how it works and why it produces surprising consequences. Drawing on his research, he will introduce the “Regulation Tracker,” a set of data tools that convert dense regulatory text into systematic measures. He will highlight two central insights: well-intentioned regulation can backfire, and regulatory decisions are shaped by the incentives of thousands of individual bureaucrats. The broader message is that regulation is not a black box but rather a dynamic system that can be measured, analyzed, and better understood.
Speaker: Dr. Joseph Kalmenovitz, Assistant Professor of Finance, Simon Business School, University of Rochester