DEREGULATION: THE PRINCIPAL INCONCLUSIVE ARGUMENTS -super-1
Warren J. Samuels, James D. Shaffer
Abstract
Warren J. Samuels, James D. Shaffer
Abstract
The authors suggest that most arguments in favor of deregulation are really double-edged swords which render the debate over deregulation inconclusive at best. They challenge the following positions as inconclusive: (1) that deregulation per se is good; (2) that it protects rights; (3) that deregulation removes uncertainties concerning the marketplace; (4) that it reduces nitpicking and coercive regulation; (5) that deregulation promotes greater productivity and efficiency; (6) that it combats inflation; (7) that regulations often cannot be justified by benefits over costs; and (8) there are serious problems of attaining optimum levels of regulation. Special interest groups in favor of deregulation are seen to bear a remarkable resemblance to groups opposed to deregulation. Copyright 1982 by The Policy Studies Organization.
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The authors suggest that most arguments in favor of deregulation are really double-edged swords which render the debate over deregulation inconclusive at best. They challenge the following positions as inconclusive: (1) that deregulation per se is good; (2) that it protects rights; (3) that deregulation removes uncertainties concerning the marketplace; (4) that it reduces nitpicking and coercive regulation; (5) that deregulation promotes greater productivity and efficiency; (6) that it combats inflation; (7) that regulations often cannot be justified by benefits over costs; and (8) there are serious problems of attaining optimum levels of regulation. Special interest groups in favor of deregulation are seen to bear a remarkable resemblance to groups opposed to deregulation. Copyright 1982 by The Policy Studies Organization.
Key concepts: Deregulation, Economics, Productivity, Inflation (cosmology), Market economy, Public economics, Monetary economics, Macroeconomics