By Robert W. Crandall

The authors of this primer think that the present method of federal rules urgently wishes fix. not just are present charges mandated by means of legislation huge, yet a considerable percentage of these expenses is useless. therefore, extra clever regulations might in attaining an analogous social targets at less price or extra formidable targets on the comparable fee. Federal legislation has grown dramatically in fresh a long time, even if thought of completely, as a relative percentage of the U.S. financial system, or as a relative proportion of the output of the government.

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Mr. Hahn’s current research interests include the reform of regulation in developed and developing countries and the design of new institutions for reforming regulation. Robert E. Litan is director of the Economic Studies Program at the Brookings Institution. Formerly, he served as associate director of the Office of Management and Budget, as deputy assistant attorney general in the Antitrust Division of the Department of Justice, and as a regulatory specialist for the President’s Council of Economic Advisers.

Litan is director of the Economic Studies Program at the Brookings Institution. Formerly, he served as associate director of the Office of Management and Budget, as deputy assistant attorney general in the Antitrust Division of the Department of Justice, and as a regulatory specialist for the President’s Council of Economic Advisers. An economist and an attorney who has practiced law and taught banking law at the Yale Law School, Mr. Litan has authored or coauthored numerous books and articles on financial institutions, international trade, and regulatory issues.

Litan has authored or coauthored numerous books and articles on financial institutions, international trade, and regulatory issues. His first book, Reforming Federal Regulation, coauthored with William D. Nordhaus (Yale University Press, 1983), dealt with many of the issues that are raised in this primer. Pietro S. Nivola is a senior fellow in the Governmental Studies Program at the Brookings Institution, where his principal fields of research have been trade policy, energy policy, and regulatory politics.

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