Airline Deregulation and Laissez-Faire Mythology by Paul S. Dempsey (English) Ha

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Airline deregulation is a failure, conclude Dempsey and Goetz. They argue that the Airline Deregulation Act of 1978, championed by a political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents.

FORMATHardcover LANGUAGEEnglish CONDITIONBrand New Publisher Description

Airline deregulation is a failure, conclude Professors Dempsey and Goetz. They assault the conventional wisdom in this provocative book, finding that the Airline Deregulation Act of 1978, championed by a profound political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents. Only now is the full impact of deregulation being felt. Airline deregulation has resulted in unprecedented industry concentration, miserable service, a deterioration in labor-management relations, a narrower margin of safety, and higher prices for the consumer.This comprehensive book begins by exploring the strategy, tactics, and egos of the major airline robber barons, including Frank Lorenzo and Carl Icahn. In separate chapters, the strengths, weaknesses, and corporate cultures of each of the major airlines are evaluated. Part Two assesses the political, economic, and social justifications for New Deal regulation of aviation, and its deregulation in the late 1970s. Part Three then addresses the major consequences of deregulation in chapters on concentration, pricing, service, and safety, and Part Four advances a legislative agenda for solving the problems that have emerged. Professors Dempsey and Goetz advocate a middle course of responsible government supervision between the dead hand of regulation of the 1930s and the contemporary evil of market Darwinism. The book will be of particular interest to airline and airport industry executives, government officials, and students and scholars in public policy, economics, business, political science, and transportation.

Author Biography

PAUL STEPHEN DEMPSEY is Professor of Law and Director of the Transportation Law Program at the University of Denver College of Law. He formerly served as an attorney with the Interstate Commerce Commission and Civil Aeronautics Board. He has been a Fulbright Fellow, was designated the University of Denver's Outstanding Scholar, and has received the Transportation Lawyers Association's Distinguished Service Award.ANDREW R. GOETZ is Assistant Professor of Geography at the University of Denver. He has published research focusing on the geographic distribution of air transportation services since deregulation.

Table of Contents

An Introduction to the Deregulated Airline IndustryIntroductionCorporate Pirates and Robber Barons in the CockpitThe MegacarriersAmerican AirlinesContinental AirlinesDelta AirlinesEastern AirlinesNorthwest AirlinesPan American AirlinesTrans World AirlinesUnited Air LinesUSAirRegulation and Deregulation: The Metamorphosis in American Public PolicyOrigins of Regulation: The Legislative History of the Civil Aeronautics Act of 1938The Traditional Regulatory CriteriaCab Regulation, 1938-75: The Congressional PerspectiveThe Cab Under Alfred Kahn: The Origins of De Facto DeregulationThe Airline Deregulation Act of 1978Cab Implementation of the Airline Deregulation ActThe Demise of the Civil Aeronautics BoardThe Results of DeregulationConcentrationPricingServiceThe Economic Effects of Deregulation: The $6 Billion MythSafetyAirline Survival and Market Darwinism: Dawn of the Global MegacarriersProposed Solutions: The Proper Relationship Between Government and the MarketReregulation: Dare We Speak It?Putting the Airlines Back on Course: A Modest Legislative AgendaConclusions

Review

?This book will be hailed by those advocating reregulation and condemned by those advocating continued deregulation. Having said that, it is of interest to airline executives, government officials, students and scholars interested in public policy, economics and transportation.?-Defense Transportation Journal"This book will be hailed by those advocating reregulation and condemned by those advocating continued deregulation. Having said that, it is of interest to airline executives, government officials, students and scholars interested in public policy, economics and transportation."-Defense Transportation Journal

Promotional

Assessed are (1) the airlines, their corporate cultures, and the men who lead them, (2) free market economic theory and the political movement for deregulation, (3) the impact of deregulation on safety, service, concentration, and pricing, and (4) legislative solutions to the problems that have emerged.

Long Description

Airline deregulation is a failure, conclude Professors Dempsey and Goetz. They assault the conventional wisdom in this provocative book, finding that the Airline Deregulation Act of 1978, championed by a profound political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents. Only now is the full impact of deregulation being felt. Airline deregulation has resulted in unprecedented industry concentration, miserable service, a deterioration in labor-management relations, a narrower margin of safety, and higher prices for the consumer. This comprehensive book begins by exploring the strategy, tactics, and egos of the major airline robber barons, including Frank Lorenzo and Carl Icahn. In separate chapters, the strengths, weaknesses, and corporate cultures of each of the major airlines are evaluated. Part Two assesses the political, economic, and social justifications for New Deal regulation of aviation, and its deregulation in the late 1970s. Part Three then addresses the major consequences of deregulation in chapters on concentration, pricing, service, and safety, and Part Four advances a legislative agenda for solving the problems that have emerged. Professors Dempsey and Goetz advocate a middle course of responsible government supervision between the dead hand of regulation of the 1930s and the contemporary evil of market Darwinism. The book will be of particular interest to airline and airport industry executives, government officials, and students and scholars in public policy, economics, business, political science, and transportation.

Review Quote

"This book will be hailed by those advocating reregulation and condemned by those advocating continued deregulation. Having said that, it is of interest to airline executives, government officials, students and scholars interested in public policy, economics and transportation." Defense Transportation Journal

Promotional "Headline"

Assessed are (1) the airlines, their corporate cultures, and the men who lead them, (2) free market economic theory and the political movement for deregulation, (3) the impact of deregulation on safety, service, concentration, and pricing, and (4) legislative solutions to the problems that have emerged.

Details ISBN0899306934 Short Title AIRLINE DEREGULATION & LAISSEZ Pages 392 Language English ISBN-10 0899306934 ISBN-13 9780899306933 Media Book Format Hardcover Year 1992 Country of Publication United States Illustrations black & white illustrations Imprint Praeger Publishers Inc Place of Publication Westport DOI 10.1604/9780899306933 UK Release Date 1992-09-08 AU Release Date 1992-09-08 NZ Release Date 1992-09-08 US Release Date 1992-09-08 Author Andrew R. Goetz Publisher Bloomsbury Publishing Plc Publication Date 1992-09-08 DEWEY 387.7 Audience Professional & Vocational Audience Age 7-17 We've got this

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