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Reforming Regulation - An Evaluation of the Ash Council Proposals (Paperback)
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Reforming Regulation - An Evaluation of the Ash Council Proposals (Paperback)
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"Many observers agree that federal regulation of business often
fails to prevent monopoly profits, promote technological change, or
protect consumers against market abuses. Why? President Nixon
assigned the task of proposing reforms to his Advisory Council on
Executive Organization, called the Ash Council after its chairman,
Roy L. Ash. The object of both the Council's report and this paper
is to advance the public search for reform. The council suggested
that a leading cause of regulatory failure lies in the organization
of regulatory agencies. This analysis leads to an alternative
view-that the regulatory process is inherently flawed regardless of
agency organization, and the real sources of weakness may be laws
establishing regulatory mandates and the political environment in
which regulation operates. Drawing on the insights of economists,
political scientists, and lawyers, the author examines a number of
federal regulatory agencies and views their performance in the
light of regulatory theory. He prescribes no remedies but suggests
the route to be followed if regulation is to approach its economic
and social goals. "
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