The Regulatory Revolution at the FTC: A Thirty-Year Perspective on Competition and Consumer Protection

Regulatory Revolution at the FTC
The Regulatory Revolution at the FTC: A Thirty-Year Perspective on Competition and Consumer Protection
Cooper, JC
9780199989287
30/10/2013
£55.00
Hb
Oxford University Press

In the 1970s, the Federal Trade Commission had embarked on an activist consumer protection and antitrust agenda which resulted in severe public and congressional backlash, including calls to abolish the agency. Beginning in 1981, under the direction of Chairman James Miller, the FTC started down a new path of economically-oriented policymaking. This new approach helped save the FTC and laid the groundwork for it to grow into the world-class consumer protection and antritrust agency that it is today.

The Regulatory Revolution at the FTC examines this period of transition in light of continuing debate about the FTC's mission. Editor James Campbell Cooper has assembled contributions from leading economists and scholars, including many of the central figures in the Miller-era Commission and today's FTC, who provide a comprehensive and revealing story about the importance of economic analysis in regulatory decision-making. Together, they foster a crucial understanding of the evolution of the FTC from an agency on the brink of extinction to one widely respected for its performance and economic sophistication.

  • Provides an historical analysis of the regulatory practices at the FTC during the late 1970's, and the resulting changes during the early 1980's, and its impact on the present
  • Focuses on the continuing debate about the FTC's current and future mission
  • Essays are prepared by current and former FTC competition and consumer protection officials, and top economists and legal scholars of regulation
  • Provides an analysis of the disciplining role that economics can play in policy making
  • Concludes with a discussion between several current and former FTC Commissioners, and one former Chairman, about the lessons learned since the "regulatory revolution" and how these lessons can and should inform the FTC's priorities today and into the future

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