Contrived competition: regulation and deregulation in America

This is the story of a revolution in American industry: the massive deregulation of markets by the government starting in the late 1970s. After an era of New Deal controls that lasted forty years, and in response to a stagnating economy, a new intellectual and political consensus developed in suppor...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Vietor, Richard H. (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. u.a. Belknap Press of Harvard Univ. Press 1994
Schlagworte:
Zusammenfassung:This is the story of a revolution in American industry: the massive deregulation of markets by the government starting in the late 1970s. After an era of New Deal controls that lasted forty years, and in response to a stagnating economy, a new intellectual and political consensus developed in support of competitive markets. Beginning in 1978, Congress enacted a raft of deregulatory reforms, which federal agencies implemented during the early 1980s
Suddenly, the structure of markets in these sectors changed dramatically: new entrants flooded in, product and service markets were redefined, and prices fell. To survive, incumbent firms were forced to adopt entirely new strategies
Beschreibung:439 S. Ill., graph. Darst., Kt.
ISBN:067416962X