Re: The economy - a new era?

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Alfred Kahn has a new book out -- I'm told, haven't seen it.  He's still boasting about the success of airline deregulation.  Guess he hasn't been keeping up.  He was a director of People Express, oops, that went bankrupt.  But so did 400 plus other airlines -- some multiple times.  And they keep going bankrupt.  That's all to the good, it means competition works.  ???  I should stick a little smiley in here.   :-)   There.  But six or eight airlines still have the traffic.

    Yes, it was Teddy.  One of the current Supremes, Stephen Breyer, was the staff leader pushing dereg.  He later published a book which was a dumbed down version of Kahn/Freshman micro, with his personal bias added.

    And, yes, Nader was an early supporter of "competition" -- read "deregulation" but he got it straight later on and opposes electric dereg now.  That's better than the economists who supported electric dereg and haven't learned a thing.  At Harvard, MIT, Berkeley, Stanford.  Just typing that list makes me aware of how rigid and powerful are the economists controlling the game.

Michael Perelman wrote:

Teddy Kennedy?  Ralph Nader?


On Mon, Feb 09, 2004 at 06:57:49PM -0500, Max B. Sawicky wrote:
  

Wasn't it Jimmy Carter who did a number on airlines and trucking?
Anybody remember Alfred Kahn?

    

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu