Book Review: Regulation and Deregulation

Miles Robert H. Bhambri Arvind , The Regulatory Executives (Beverly Hills, CA: Sage, 1983), p. 17.

McCraw Thomas D. , Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M. Landis, Alfred E. Kahn (Cambridge, MA: Harvard University Press, 1984), p. 39.

Ibid., p. 132.

Ibid., p. 177.

Shapiro Susan P. , Wayward Capitalists: Target of the Securities and Exchange Commission (New Haven, CT: Yale University Press, 1984), p. 30.

Ibid.

See, for example, Freeman Richard B. Medoff James L. , What Do Unions Do? (New York, NY: Basic Books, 1984), ch. 15.

McCraw , op. cit., p. 268.

Ibid., p. 298.

See, for example, “Deregulating America,” Special Report, Business Week, November 28, 1983, p. 86.

See, for example, Thayer Fredrick C. , Rebuilding America: The Case of Economic Regulation (New York, NY: Praeger, 1984), p. 83.

Carely William M. , “Airline Safety: On a Wing and a Prayer,” Wall Street Journal, March 5, 1986.

Kahn Alfred E. Kasper David M. , “Airline Safety Without Re-regulation,” New York Times, April 14, 1986.

Nance John J. , Blind Trust (New York, NY: William Morrow, 1986), p. 378.

Editorial, “Warning Signals,” Los Angeles Times, March 30, 1986.

Blumenthal Ralph , “System of Assuring Safe Air Travel Faces Growing Strain, Experts Say,” New York Times, March 23, 1986. See also Wicker Tom , “What Price Safety,” New York Times, March 25, 1986.

See Witkin Richard , “F.A.A. Said to Plan Record Safety Fine for Eastern Airlines,” New York Times, March 14, 1986, and Editorial, “Guaging the Air Travel Risks,” New York Times, March 25, 1986.

Meyer Richard Vartabedian Ralph , “Aircraft Safety: Cracks Begin to Show in the System,” Los Angeles Times, March 30, 1986. The report covers four full-size newspaper pages, Part I, pp. 1, 4–7.

New York Times, March 23 and 25, 1986. In addition, in order to detect cracks, the FAA has just proposed a rule that would require a more stringent inspection of any Boeing 747 plane operated by U.S. airlines that have logged 8,000 airline flights. Witkin Richard , “F.A.A. Plans Action on Cracks in 747's,” New York Times, July 2, 1986.

Incidentally, the rates of “truck-at-fault” accidents in California have increased substantially since the industry was deregulated in 1980, according to figures provided by the California Highway Patrol. For an extensive analysis of trucking safety in California, see Kendall John , “Image of Truckers Travels Bumpy Roads,” Los Angeles Times, March 31, 1986.

Miles Bhambri , op. cit., p. 148.

Ibid. The quotations are, in order, pp. 18, 196, 186, 187, 196.

Ibid., pp. 192–93.

Meier Kenneth J. , Regulation: Politics, Bureaucracy, and Economics (New York, NY: St. Martin's Press, 1985), p. 275.

The statistics on the FDA are from Ibid., pp. 279, 85.

For more on this issue and the Supreme Court's decision on benzene, see Aram John D. Esser Lawrence R. A. , “Carcinogens and the Courts: OSHA's Losing Battle for the Benzene Standard,” in Aram John D. , ed., Managing Business and Public Policy (Mansfield, MA: Pitman, 1986), pp. 239–50.

Daneke Gregory A. , “Reassessing Attempts to Reform Environmental Regulation,” in Daneke Gregory A. Lemak David J. , eds., Regulatory Reform Reconsidered (Boulder, CO: Westview Press, 1985), p. 85.

Meier , op. cit., p. 288.

Ibid, p. 140.

Anderson Janell , “Tipping the Lid on the Pandora's Box: Decentralization and Deregulation,” in Daneke Lemak , op. cit., pp. 101, 104–105.