Alfred Kahn's enduring legacy will be his influence on how economists think about the regulation of natural monopoly. But although the substance of his ideas mattered far more than their style The Economics of Regulation: Principles and Institutionsby Alfred E. Kahn Author: Review by: Louis B. Schwartz Journal: University of Pennsylvania Law Review Read Volume 47 Issue 1 of History of Political Economy. A Book, the Application, and the Outcomes: How Right Was Alfred Kahn in The Economics of Regulation About the Effects of the Deregulation of the US Domestic Airline Market? The Economics of Regulation: Principles and Institutions. As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction to this edition Kahn surveys and analyzes the dereg more. Downloadable (with restrictions)! This article is concerned with the foresights that Alfred Kahn had when he led the deregulation of the US passenger airline industry, and in particular with the role the ideas in his Economics of Regulation played in his actions. Kahn was a reluctant deregulator of the US interstate airline industry. The 1978 Airline Deregulation Act, which he "fathered About the Book . As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. The 1978 Airline Deregulation Act, which he "fathered," however, not only ushered in a wave of other similar actions both within and outside of transportation in the United States, but also provided a demonstration effect that resulted in a more general rolling back of microeconomic regulation across the globe. Kahn was head of the US Civil Aeronautics Board for only eighteen months or so, but he brought about considerable changes to the airline industry and, through its spread effects Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M. Landis, Alfred E. Kahn. James M. Landis, Alfred E. Kahn. By Thomas K. McCraw. Cambridge, Massachusetts: The Belknap Press of Harvard University Press, 1984. Pp. ix, 387. $20.00. As you have access to this content, a full PDF is available via the 'Save PDF Alfred E. Kahn 1988. As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction Enter the email address you signed up with and we'll email you a reset link. barriers to proper deregulation led Alfred Kahn to coin the phrase, "Deregulating the process of deregulation," to explain the importance of letting markets reveal realities that were unknowable prior to deregulation. 5. Political Realities of Regulation My above descriptions of the economic lessons Our introduction to this compendium reviews Alfred Kahn's academic and policy interests, his activities as a regulator and advisor to governme