Yes, Breyer worked for Kennedy on the airline de-reg bill. Then he wrote a
very weak book. Basically his book was, as I've remarked before, a
dumbed-down
version of Alfred Kahn's book on regulation. The latter being a pretty
straight neo-classical exercise. I. e. not worth much. A poor place
Louis Proyect wrote:
Yergin views Breyer, Kahn and George Stigler as key figures in the
deregulation revolution of the early 1970s. He quotes Kahn from "The
Economics of Regulation" as saying that "the only economic function of
price is to influence behavior--to elicit supply and to regulate
Michael Perelman wrote:
Kahn referred to airplanes as marginal costs with wings.
When I interviewed him about 10 years ago he refused to believe: 1)
that the airfares subindex of the CPI had increased twice as fast as
the overall CPI in the years after dereg (because of quality
declines, not
, February 13, 2001 7:11 AM
Subject: [PEN-L:8020] Re: Re: Deregulation: part 1
The gamble seems to have worked out. They're being bailed out, while the
"crisis" is encouraging the return to nukes, trashing the North Alaskan
coast, etc.
please correct me if I am wrong.
Jim Dev
There are "new natural monopolies" according to Larry Summers and Alan
Greenspan. They mean the pharmaceutical companies and the Microsofts --
anyplace were marginal cost is trival, as Michael has drawn attention to. In
the same speech where Summers advocates protecting the "new natural
The gamble seems to have worked out. They're being bailed out, while the
"crisis" is encouraging the return to nukes, trashing the North Alaskan
coast, etc.
please correct me if I am wrong.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~JDevine
Actually I have not even begun to
CB: Thanks for this report Lou. The above passage, and your whole
discussion demonstrates how regulation/deregulation is a form of
state-monopoly as Lenin predicted the direction of that process in
_Imperialism_, especially in the historical period you focus on , '20's and
'30's.
I think this
Didn't Stephen Breyer write the deregulation bill for Sen. Kennedy when he
was an aide?
Michael Pugliese
-Original Message-
From: Louis Proyect [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Tuesday, February 13, 2001 7:11 AM
Subject: [PEN-L:8020] Re: Re: Deregulation
At 10:09 AM 2/13/01 -0500, you wrote:
Later on Ted Kennedy would follow the example of his father by using his
senatorial powers to deregulate transportation. In either case--regulation
or deregulation--a particular ruling class family would find itself looking
after the interests of the class
Peter, you have written this before. Where did you discover this?
On Tue, Feb 13, 2001 at 12:36:04PM -0800, Peter Dorman wrote:
Sam Insull, if I remember correctly, is the tycoon who paid a group of
economists to develop the theory of "natural monopoly". It justified the
enforced monopoly
Peter wrote:
Sam Insull, if I remember correctly, is the tycoon who paid a group of
economists to develop the theory of "natural monopoly". It justified the
enforced monopoly status of the electrical utilities.
but didn't Adam Smith have a theory of "natural monopoly"?
I'm not rejecting the
I recall seeing this in a book entitled Brownout, although no such
book appears in WorldCat. Perhaps it was an apparition...
Peter
Michael Perelman wrote:
Peter, you have written this before. Where
did you discover this?
On Tue, Feb 13, 2001 at 12:36:04PM -0800, Peter Dorman wrote:
> Sam Insull,
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