Deregulation: Where Do We Go from Here?

Overview

As the ongoing financial crisis fuels anti-market sentiment in Washington, the deregulation, industry restructuring, and regulatory reform initiatives of the last thirty years are increasingly coming under attack. In this timely monograph, Paul L. Joskow argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reforms in other sectors. The financial crisis presents a valuable opportunity to evaluate a broad range of regulatory reform options and make reasoned ...

See more details below
Other sellers (Paperback)
  • All (9) from $3.40   
  • New (4) from $7.50   
  • Used (5) from $3.40   
Sending request ...

Overview

As the ongoing financial crisis fuels anti-market sentiment in Washington, the deregulation, industry restructuring, and regulatory reform initiatives of the last thirty years are increasingly coming under attack. In this timely monograph, Paul L. Joskow argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reforms in other sectors. The financial crisis presents a valuable opportunity to evaluate a broad range of regulatory reform options and make reasoned decisions about their rightful application to financial products and markets. Competitive markets, while not perfect, are typically the most effective institutions for allocating scarce resources efficiently. Deregulation, privatization, and regulatory reform initiatives have generally (though not always) benefited the U.S. economy by lowering costs, enhancing rates of innovation, matching consumer preferences and product quality, and creating more efficient price structures. In some cases, market imperfections necessitate the introduction of regulatory mechanisms to improve performance. But before imposing new regulations on a particular market, policymakers must apply a disciplined framework for identifying whether, where, and how regulatory policies can improve market performance, taking into account the benefits of regulatory constraints and the costs of regulatory and market imperfections. Reforms to financial products and markets in particular must be based on a complete understanding of the causes of the current crisis, a comprehensive review of the associated market imperfections, a clear articulation of regulatory goals, and a careful assessment of the strengths and weaknesses of alternative regulatory mechanisms. "If history is any guide," Joskow warns, "the rush to implement reforms in response to the immediate crisis without fully understanding its causes and developing comprehensive measures to address the market failures is likely to lead to at least some 'quick and dirty' regulato

Read More Show Less

Product Details

  • ISBN-13: 9780844743202
  • Publisher: Aei Press
  • Publication date: 11/16/2009
  • Pages: 50
  • Product dimensions: 5.30 (w) x 8.30 (h) x 0.30 (d)

Meet the Author

Paul L. Joskow is president of the Alfred P. Sloan Foundation and a professor of economics at the Massachusetts Institute of Technology.

Paul L. Joskow is president of the Alfred P. Sloan Foundation and a professor of economics at the Massachusetts Institute of Technology.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)