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Lessons from Deregulation
Book

Lessons from Deregulation

Telecommunications and Airlines after the Crunch

Brookings Institution Press, 2004 plus...


Editorial Rating

6

Qualities

  • Analytical
  • Innovative

Recommendation

You would hardly expect economist Alfred E. Kahn, the grandfather of deregulation, to back down on the concept now - and he doesn't. This helpful, up-to-date guide gives a snapshot of Kahn's take on the state of aviation and telecommunications deregulation amid the economic struggles of the post-bubble, post-Sept. 11 era. Does deregulation still serve the public's interest? Kahn, whom you can thank or curse the next time you board a cheap, overcrowded flight, argues staunchly that deregulation's biggest problems come from regulatory authorities who succumb to the temptation to, well, regulate. This is particularly true in the arcane field of telecommunications policy, where some governmental bodies have passed regulations designed to stimulate artificial, rather than market-driven, competition. Overall, the book is stronger when Kahn analyzes the complexities of aviation deregulation than it is when he unravels telecommunications policy. getAbstract highly recommends it to policy wonks who love what Kahn hath wrought and to those who wish they could hang up on it.

Take-Aways

  • Deregulation is an economic necessity, now more than ever.
  • Deregulation has occurred more gradually in telecommunications than in air transportation and has been directed by the regulatory authorities themselves.
  • In both air transportation and telecommunications, market competition provides more benefits to consumers and markets than regulation does.

About the Author

Alfred E. Kahn is considered the leading authority on public utility deregulation in the United States. A former economic adviser to President Carter, he chaired the New York Public Service Commission. He is currently a professor emeritus at Cornell University.


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    N. M. 5 years ago
    interesting
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    O. K. 5 years ago
    In my side, it's very interesting and exciting to read this module of course
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    R. M. 7 years ago
    Enjoyed reading it!