Airline Deregulation and Laissez-Faire Mythology


While much of the literature on airline deregulation praises it as a successful adventure in public policy, Professors Dempsey and Goetz conclude that deregulation has failed to achieve any of its principal objectives: better service, more competition, or lower prices. Divided into four parts, their book assesses (1) the airlines, their corporate cultures, and the men who lead them, (2) free market economic theory and the political movement for deregulation, (3) the impact of deregulation on safety, service, concentration, and pricing, and (4) legislative solutions to the problems that have emerged.

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