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Atlantic Economic Journal

, Volume 18, Issue 3, pp 96–103 | Cite as

The economics of regulation: Principles and institutions Alfred E. Kahn Cambridge, MA: MIT Press, 1988, Vol. I, 199 pp., Vol. II, 360 pp.

  • Coldwell DanielIII
Book Review Article
  • 237 Downloads

Conclusion

Although Kahn's theorizing may be criticized in various ways, there is no doubt that he succeeds in arriving at the correct conclusion. Significant social benefits were to be attained through increasing competition, i.e., through deregulation, in all of the industries that are considered in his analysis. As chairman of the Civil Aeronautics Board, Kahn courageously and effectively acted to bring about the benefits from deregulation that he predicted would be forthcoming, for which this nation, if not the world, should be grateful.

In this book, Kahn argues persuasively for increasing thecompetitive component in regulated industries in order to achieve greater economic efficiency. The message of the book endures, as is befitting the book's stature as a classic.

Keywords

International Economic Public Finance Social Benefit Economic Efficiency Correct Conclusion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Atlantic Economic Society 1990

Authors and Affiliations

  • Coldwell DanielIII
    • 1
  1. 1.Memphis State UniversityUSA

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