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...

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Bibliographic Details
Main Author: Vietor, Richard H. (Author)
Format: Book
Language:English
Published: Cambridge, Mass. u.a. Belknap Press of Harvard Univ. Press 1994
Subjects:
Summary: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
Physical Description:439 S. Ill., graph. Darst., Kt.
ISBN:067416962X

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