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The Politics Of Deregulation
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Book Synopsis The Politics of Deregulation by : Martha Derthick
Download or read book The Politics of Deregulation written by Martha Derthick and published by Brookings Institution Press. This book was released on 2001-06-07 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard wisdom among political scientists has been that "iron triangles" operated among regulatory agencies, the regulated industries, and members of Congress, all presumably with a stake in preserving regulation that protected the industries from competition. Despite almost unanimous agreement among economists that such regulation was inefficient, it seemed highly unlikely that deregulation could occur. Yet between 1975 and 1980 major deregulatory changes that strongly favored competition did take place in a wide range of industries. The results are familiar to airline passengers, users of telephone service, and trucking freight shippers, among others. Martha Derthick and Paul J. Quirk ask why this deregulation happened. How did a diffuse public interest prevail over the powerful industry and union interests that sought to preserve regulation? Why did the regulatory commissions, which were expected to be a major obstacle to deregulation, instead take the initiative on behalf of it? And why did influential members of Congress push for even greater deregulation? The authors concentrate on three cases: airlines, trucking, and telecommunications. They find important similarities among the cases and discuss the implications of these findings for two broader topics: the role that economic analysis has played in policy change, and the capacity of the American political system for transcending narrow interests.
Book Synopsis Braking the Special Interests by : Dorothy Robyn
Download or read book Braking the Special Interests written by Dorothy Robyn and published by University of Chicago Press. This book was released on 1987 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1980 Congress voted to eliminate the federal system of protective regulation over the powerful trucking industry, despite fierce opposition. This upset marked a rare example in American politics of diffuse public interests winning out over powerful economic lobbies. In Braking the Special Interests Dorothy Robyn draws upon firsthand observations of formal proceedings and behind-the-scenes maneuverings to illuminate the role of political strategy in the landmark trucking battle. Robyn focuses her analysis on four elements of strategy responsible for the deregulator's victory—elements that are essential, she argues, to any successful policy battle against entrenched special interests: the effective use of economic data and analysis to make a strong case for the merits of reform; the formation and management of a diverse lobbying coalition of firms and interest groups; presidential bargaining to gain political leverage; and transition schemes to reduce uncertainty and cushion the blow to losers. Drawing on political and economic theory, Braking the Special Interests is an immensely rich and readable study of political strategy and skill, with general insights relevant to current political battles surrounding trade, agriculture, and tax policies. Robyn's interdisciplinary work will be of great value to scholars and practitioners of politics, economics, and public policy.
Book Synopsis Empires of Entertainment by : Jennifer Holt
Download or read book Empires of Entertainment written by Jennifer Holt and published by Rutgers University Press. This book was released on 2011 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empires of Entertainment integrates legal, regulatory, industrial, and political histories to chronicle the dramatic transformation within the media between 1980 and 1996. Through the use of case studies that highlight key moments in this transformation, Holt skillfully expands the conventional models and boundaries of media history.
Book Synopsis Regulatory Politics in an Age of Polarization and Drift by : Marc Allen Eisner
Download or read book Regulatory Politics in an Age of Polarization and Drift written by Marc Allen Eisner and published by Taylor & Francis. This book was released on 2017-02-24 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory change is typically understood as a response to significant crises like the Great Depression, or salient events that focus public attention, like Earth Day 1970. Without discounting the importance of these kinds of events, change often assumes more gradual and less visible forms. But how do we ‘see’ change, and what institutions and processes are behind it? In this book, author Marc Eisner brings these questions to bear on the analysis of regulatory change, walking the reader through a clear-eyed and careful examination of: the dynamics of regulatory change since the 1970s social regulation and institutional design forms of gradual change – including conversion, layering, and drift gridlock, polarization, and the privatization of regulation financial collapse and the anatomy of regulatory failure Demonstrating that transparency and accountability – the hallmarks of public regulation – are increasingly absent, and that deregulation was but one factor in our most recent significant financial collapse, the Great Recession, this book urges readers to look beyond deregulation and consider the broader political implications for our current system of voluntary participation in regulatory programs and the proliferation of public-private partnerships. This book provides an accessible introduction to the complex topic of regulatory politics, ideal for upper-level and graduate courses on regulation, government and business, bureaucratic politics, and public policy.
Book Synopsis Regulatory Politics in an Age of Polarization and Drift by : Marc Allen Eisner
Download or read book Regulatory Politics in an Age of Polarization and Drift written by Marc Allen Eisner and published by Routledge. This book was released on 2017-02-24 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory change is typically understood as a response to significant crises like the Great Depression, or salient events that focus public attention, like Earth Day 1970. Without discounting the importance of these kinds of events, change often assumes more gradual and less visible forms. But how do we ‘see’ change, and what institutions and processes are behind it? In this book, author Marc Eisner brings these questions to bear on the analysis of regulatory change, walking the reader through a clear-eyed and careful examination of: the dynamics of regulatory change since the 1970s social regulation and institutional design forms of gradual change – including conversion, layering, and drift gridlock, polarization, and the privatization of regulation financial collapse and the anatomy of regulatory failure Demonstrating that transparency and accountability – the hallmarks of public regulation – are increasingly absent, and that deregulation was but one factor in our most recent significant financial collapse, the Great Recession, this book urges readers to look beyond deregulation and consider the broader political implications for our current system of voluntary participation in regulatory programs and the proliferation of public-private partnerships. This book provides an accessible introduction to the complex topic of regulatory politics, ideal for upper-level and graduate courses on regulation, government and business, bureaucratic politics, and public policy.
Book Synopsis The Political Economy of Deregulation by : Roger G. Noll
Download or read book The Political Economy of Deregulation written by Roger G. Noll and published by American Enterprise Institute Press. This book was released on 1983 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Effects of Airline Deregulation by : Steven Morrison
Download or read book The Economic Effects of Airline Deregulation written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.
Book Synopsis The Politics of Free Markets by : Monica Prasad
Download or read book The Politics of Free Markets written by Monica Prasad and published by University of Chicago Press. This book was released on 2006-07-17 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany? In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.
Book Synopsis Government and Markets by : Edward J. Balleisen
Download or read book Government and Markets written by Edward J. Balleisen and published by Cambridge University Press. This book was released on 2010 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.
Book Synopsis The Economic Effects of Surface Freight Deregulation by : Clifford Winston
Download or read book The Economic Effects of Surface Freight Deregulation written by Clifford Winston and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: For close to 100 years, America's surface freight industries, primarily rail and trucking, operated under the protective wing of the U.S. government. In 1980 Congress, finding vast inefficiencies in the two industries, substantially deregulated both, opening them at last to market competition. Deregulation has brought with it many changes—for firms within the industries, for their labor force, and for shippers and their customers. Clifford Winston, Thomas M. Corsi, Curtis M. Grimm, and Carol A Evans provide a comprehensive evaluation of the effect of the deregulation legislation on the rail and trucking industries. According to the authors, deregulation has made substantial progress in solving the two most vexing problems of the surface freight transportation industry—excessive rates in the trucking industry and insufficient returns on investment in the rail industry. Competition and efficiency have returned to both industries, and although the labor force in each has suffered wage and job losses, shippers and their customers have gained roughly $20 billion a year in benefits. The authors recommend policies that would continue to promote competition and the efficient use of highway and railway infrastructure.
Book Synopsis Dismantling America by : Susan J. Tolchin
Download or read book Dismantling America written by Susan J. Tolchin and published by Boston : Houghton Mifflin. This book was released on 1983 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the impact of deregulation on industrial structures, working conditions and environmental protection in the USA - comments on inherent discrepancies in economic legislation aimed at reestablishing a capitalist economic system; describes government agency confusion in the face of uncontrolled and hazardous technology, partic. In the work environment; foresees increasing social cost. Bibliography.
Book Synopsis Lessons from Deregulation by : Alfred E. Kahn
Download or read book Lessons from Deregulation written by Alfred E. Kahn and published by Rowman & Littlefield. This book was released on 2003-12-22 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last several years, the value of stocks in both the airline and the telecommunications industries have dropped catastrophically. Since these industries were among the most important—and most visible—to have been unleashed from regulation in recent decades (albeit in widely differing degree), their difficulties have raised the question of whether their deregulation should be reconsidered or even reversed. Alfred E. Kahn, one of the foremost authorities on deregulation, argues in this book that every passing year demonstrates the superiority of the road chosen for the airlines. He contrasts the financial meltdowns of both the airline and telecommunications industries with others taking place at the same time, particularly in technology-related stocks and "dot.coms," pointing out that these sectors were also relatively free of direct economic regulation. Their experience provides a useful counter to the natural tendency to blame all the woes of aviation and telecommunications on government policy. This book provides a valuable and accessible guide to unraveling the complex world of network deregulation. It will serve as a reference point for practioners and policymakers, as well as an important introduction for the general public.
Book Synopsis First Thing We Do, Let's Deregulate All the Lawyers by : Clifford Winston
Download or read book First Thing We Do, Let's Deregulate All the Lawyers written by Clifford Winston and published by Rowman & Littlefield. This book was released on 2011-08-01 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Not many Americans think of the legal profession as a monopoly, but it is. Abraham Lincoln, who practiced law for nearly twenty-five years, would likely not have been allowed to practice today. Without a law degree from an American Bar Association–sanctioned institution, a would-be lawyer is allowed to practice law in only a few states. ABA regulations also prevent even licensed lawyers who work for firms that are not owned and managed by lawyers from providing legal services. At the same time, a slate of government policies has increased the demand for lawyers' services. Basic economics suggests that those entry barriers and restrictions combined with government-induced demand for lawyers will continue to drive the price of legal services even higher. Clifford Winston, Robert Crandall, and Vikram Maheshri argue that these increased costs cannot be economically justified. They create significant social costs, hamper innovation, misallocate the nation's labor resources, and create socially perverse incentives. In the end, attorneys support inefficient policies that preserve and enhance their own wealth, to the detriment of the general population. To fix this situation, the authors propose a novel solution: deregulation of the legal profession. Lowering the barriers to entry will force lawyers to compete more intensely with each other and to face competition from nonlawyers and firms that are not owned and managed by lawyers. The book provides a much-needed analysis of why legal costs are so high and how they can be reduced without sacrificing the quality of legal services.
Book Synopsis Regulation and the Reagan Era by : Roger E. Meiners
Download or read book Regulation and the Reagan Era written by Roger E. Meiners and published by Independent Institute. This book was released on 2017-07-01 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Was the so-called “Reagan Revolution” a disappointment regarding the federal systems of special-interest regulation? Many of that administration's friends as well as its opponents think so. But under what criteria? To what extent? And why? When Ronald Reagan was elected in 1980, the popular belief was that the size of government would be cut and that some of the regulatory excesses of the prior decade would be rolled back. However, the growth of the federal government continued throughout the Reagan presidency and no agencies were phased out. What were the apparently powerful forces that rendered most of the bureaucracy impervious to reform? In this book, professional economists and lawyers who were at, or near, the top of the decision-making process in various federal agencies during the Reagan years discuss attempts to reign in the bureaucracy. Their candid comments and personal insights shed new light on the susceptibility of the American government to bureaucratic interests. This book is required reading for anyone wishing to understand the true reasons why meaningful, effective governmental reform at the federal level is so difficult, regardless of which political party controls the White House or Congress.
Book Synopsis Freer Markets, More Rules by : Steven K. Vogel
Download or read book Freer Markets, More Rules written by Steven K. Vogel and published by Cornell University Press. This book was released on 2018-05-31 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combined liberalization and reregulation in markedly different ways. The state itself, far more than private interest groups, drove the process of regulatory reform. Thus, the story of deregulation is one rich in paradox: a movement aimed at reducing regulation increased it; a movement propelled by global forces reinforced national differences; and a movement that purported to reduce state power was led by the state itself. Vogel's astute and far-reaching analysis compares deregulation in Britain and Japan, with special attention to the telecommunication and financial services industries. He also considers such important sectors as broadcasting, transportation, and utilities in the United States, France, and Germany.
Book Synopsis After Redlining by : Rebecca K. Marchiel
Download or read book After Redlining written by Rebecca K. Marchiel and published by University of Chicago Press. This book was released on 2021-09-05 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The story of how American banks helped disenfranchise nonwhite urbanities and condemn to blight the very neighborhoods that needed the most investment is infuriating. And yet, by digging into the history of urban finance, Rebecca Marchiel here illuminates how urban activists changed some banks' behavior to support investment in communities that they had once abandoned. These developments, in turn, affected federal urban policy and reshaped banks' understanding of the role that urban communities play in the financial system. The legacy of reinvestment activism is clouded, but Marchiel's detailing of it transforms our understanding of the history and significance of community/bank relations"--Provided by publisher.
Book Synopsis Whom the Gods Would Destroy, Or, how Not to Deregulate by : Alfred Edward Kahn
Download or read book Whom the Gods Would Destroy, Or, how Not to Deregulate written by Alfred Edward Kahn and published by American Enterprise Institute. This book was released on 2001 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work assesses the status of the public utility deregulation movement in the USA. It focuses on the continuation of releasing competitive forces in the revolutionary deregulation of a large portion of the public utilities industries since 1980.
