HispanicPundit + history + regulations   17

Are Progressives for the Little Guy? | John Goodman's Health Policy Blog | NCPA.org
As the leftist historian Gabriel Kolko has documented, the Interstate Commerce Commission (ICC) — our first progressive-era federal regulatory agency — was dominated by, and served the interest of, the railroads. The main accomplishments of regulation were to outlaw price cutting, establish minimum prices and make the railroads more profitable than they had ever been. The experience was far from unique.

The regulatory apparatus created by the Meat Inspection Act of 1906 served the interests of large meat packers. Safety standards were invariably already being met — or were easily accommodated — by large companies. But the regulations forced many small enterprises out of business and made it difficult for new ones to enter the industry.

This same pattern — of regulatory agencies serving the interests of the regulated — was repeated with the establishment of almost all subsequent regulatory agencies. For this reason, Kolko called the entire Progressive Era the “triumph of conservatism.
progressive  history  regulations  goldberg  goodman  sidebar 
december 2011 by HispanicPundit
Three Sides to the Story at Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics
Bottom line: I can’t be sure (and I’ve pointed out several reasons I might be wrong), but I’m guessing that no 1911 garment worker would have wanted to work in a factory with unlocked exit doors. If I’m right, they got the mix of risk and income they’d have chosen. The fire was tragic but the market worked.
economics  regulations  history  wages  labor  fundamentals  landsburg  sidebar 
april 2010 by HispanicPundit
The Untold Story of America’s Growing Energy Efficiency « The Enterprise Blog
"Clearly, both environmental regulations and improvements in energy efficiency have contributed to a cleaner environment in the United States. But while the role of regulation grabs most the media attention and tends to get a majority of the credit, it’s also important to recognize that advances in resource efficiency have also played a major role in improving the quality of our environment. As Hayward reminds us, “The consistent improvement in America’s energy efficiency is an untold and underappreciated long-term story.”"
environmentalism  regulations  history  yglesias  aei  perry  sidebar 
march 2010 by HispanicPundit
Anatomy of a Crisis - Daily News Egypt - Full Article
Barry Eichengreen of Berkeley on the causes of financial crisis.
subprime  regulations  History  sidebar 
september 2008 by HispanicPundit
EconLog, Progressive Corporatism, Arnold Kling: Library of Economics and Liberty
Kling replies to the article on the non-laissez faire of the 19th and early 20th century.
USA  History  laissez-faire  regulations  wilkinson  Kling  sidebar 
september 2008 by HispanicPundit
Marginal Revolution: Glass Steagall: The Real History
"The repeal of Glass-Steagall was one of the few saving graces of the current crisis."
regulations  subprime  loans  History  Clinton  tabarrok  sidebar 
september 2008 by HispanicPundit
Econbrowser: The New Deal and the Great Depression
"FDR’s New Deal did, in many instances, make the depression worse."
FDR  economics  laissez-faire  History  USA  regulations 
april 2007 by HispanicPundit

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