By Richard D. Stone
The Interstate Commerce Commission and its relationship with the railroad is the subject of this work, which traces the enormous changes that saw the rail industry go from being strictly regulated for 90 years to being largely deregulated in the late 1970s. Stone concentrates on the post-1976 period, when the ICC's view of regulation changed drastically, and considers the political and economic forces that contributed to its actions. He also charts the ICC's transformation from a powerful independent commission to a smaller, less influential one, and assesses its future ties to the railroad industry.
- New York