Prophets of regulation

Thomas K. McCraw

Why has regulation in America so often seemed to fail, and what did four regulators do to make it work?

At a glance

You will see how slow rate hearings during inflation left regulated utilities always chasing costs that had already moved on
You will question the assumption that regulators were swept along by history, since the author argues individuals made an enormous difference
You will understand regulation as strategy by asking how regulators framed their purposes and then carried them out