The Economics and Politics of the Slowdown in Regulatory Reform - Couverture souple

Noll, Professor Roger G

 
9780844771397: The Economics and Politics of the Slowdown in Regulatory Reform

Synopsis

Many forms of regulation have grown dramatically in recent decades--especially in the areas of health, safety, and the environment. Moreover, expenditures in those areas are likely to grow more quickly than the rate of government spending. Yet the economic impact of regulation receives much less scrutiny than direct, budgeted government spending. The federal government has made substantial progress in reforming economic regulation--especially by deregulating prices and reducing entry barriers in specific industries. For example, over the past two decades consumers have realized major gains from the deregulation of transportation services. Still, policymakers can achieve significant additional gains from fully deregulating other industries, such as telecommunications and electricity.

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