Paul L. Joskow is president of the Alfred P. Sloan Foundation and presently on leave from MIT, where he is the Elizabeth and James Killian Professor of Economics and Management. His lecture will review the broad experience with deregulation, regulatory reform, and industry restructuring in the United States over the last twenty-five years.
The ongoing turmoil in financial markets has led many commentators to argue that deregulation has contributed to the crisis. Furthermore, this conclusion is now being applied to many other industry sectors that were deregulated during the last quarter-century. Joskow will review the evidence of the effects of deregulation and regulatory reform more broadly and discuss a general framework for determining when and how government regulatory interventions may be appropriate.
