Today, there is no greater impediment to American prosperity than
the immense body of regulations chronicled in the 69,684-page Federal
Register. According to William A. Niskanen, Cato’s chairman and
former member of President Reagan’s Council of Economic Advisers, the
total cost of federal regulation is on the order of $500 billion a year,
a figure that does not include banking regulation and regulation
by state and local governments. Thus, the total regulatory burden might
be as much as 10 percent of GDP. Furthermore, news reports abound on the
problems caused by specific regulations, and in recent years, a monumental
body of academic analysis has documented the economic inefficiencies engendered
by the regulatory state. Under the direction of Edward Hudgins, Cato’s
regulatory studies program sets forth a market-oriented vision of "regulatory
rollback" that relies on the incentive forces of private property rights
to create competitive markets and to provide consumer information and protection.
Recent Highlights
Book:
• The Last Monopoly, edited by the director of Cato’s regulatory
studies program, Edward Hudgins. This Cato Institute book contains the
papers delivered at Cato’s conference, "Postal
Service in the 21st Century: Time to Privatize?," Chapters appear
by Gene Del Polito, executive director of the Advertising Mail Marketing
Association, Michael Crew, professor of finance economics at Rutgers University,
an James Campbell, special counsel for the International Express Carriers
Conference.
Regulation Articles by Topic
Agriculture
The 1995 Farm Bill Follies
Fishing for
Markets: Regulation and Ocean Farming
Milked
to the Bone
Farming
The Oceans: An Update
Agricultural
Relief Legislation in 1998: The Bell Tolls for Reform
Agricultural
Risk Management or Income Enhancement?
Fencing the
Oceans: Rights-based Approach to Privatizing Fisheries (also
available in pdf)
Alcohol
Cheers
to the Court
Harmonizing
Alcohol Ads: A Case for Industry Self-Regulation
Antitrust
Myths of
Antitrust Progress
Bingaman's
Antitrust Era: The Division's Intensified Enforcement and Intitialization
Agenda
Who
Do You Trust?
Prosecutorial
Discretion: A View from the FTC (also
available in pdf)
Banking & Finance
Emerging
Issues in Financial Markets
Squeezes,
Corpses and the Anti-manipulation Provisions of the CEA
Regulating
Derivatives: The Current System and Proposed Chngs.
Leading
a Regulatory Agency: Lessons from the CFTC
CRA:
Ensuring Credit Advocacy or Enforcing Credit Allocation?
Banking on
Free Markets
Financial
Services Modernization
Banks,
Insurance Companies and Mergers
The
SEC's Assault on Electronic Trading
A Tangled
Web: IOLTA and the Banks
Runs
on Banks and the Lessons of the Great Depression
The
Benefits of Branching Deregulation
Bankruptcy
Ballooning
Bankruptcies: Issuing Blame for the Explosive Growth (also
available in pdf)
Bankruptcy
Reform: Principles and Guidelines (also
available in pdf)
Business, General
Strangled in the Crib: Jobs and Regulation in California
Regulation
and the Urban Marketplace
State Regulatory
Measures
Time to End
the Economic War between the States
Method to
the Merger Madness: Revisiting the 80s Takeover Boom
Consumer Protection
The Food
Lion Case: Are Journalists Above the Law?
Energy
The Future of Electricity Provision
A Case against Stranded Cost
Recovery and Mandatory Access
Halting Steps toward Electricity Reform
Regulatory
Reform in the Electric Power Industry
Stranded Investments,
Stranded Intellectuals
Turning Up
the Heat in the Natural Gas Industry
Economic Reform
and the Effects of Contract Confidentiality
Recovering Stranded Costs Benefits Consumers
Decree Number 888
Electric Utility
Reform: Shock Therapy or Managed Competition?
Thirteen
Steps to Reconciliation
Electricity
Contenders: Coordination and Pricing on an OTN
Stranded in
Sacramento: CA Tries Legislating Electrical Competition
ALEC's
Charge Down Regulatory Road
Electricity
Regulation: Ease by Inaction
Transforming
Power: Lessons from British Electricity Restructuring
Environment
Air-conditioning and
Refrigeration Costs Heat Up
Sinking or Swiming in Water
Policy
Pollution Trading in
LA LA Land
Dioxin
on Trial
MSHA: Undermining Progress in Occupational Safety and Health
The Rising
Impacts of Environmental Mandates on Local Government
Mobile Source Pollution in Mexico and Market-Based Alternatives
Rat Day Afternoon
Salting the
Earth:The Case for Repealing Superfund
We
Told You So
Health and
Smog: No Cause for Alarm
OSHA Targets Bridge Painters
Watching Paint Dry
Abolishing
OSHA
Clean Air Reform for Real
Wasted Lights
The Environmental Cancer Epidemic
That Never Was
Clearing the
Air: EPA's Self-Assessment of Clean Air Policy
Rent Seeking
Behind the Green Curtain
Why States,
Not EPA, Should Set Environmental Standards
In Response
to the Particulate Matter Debate
Sound
Standards Require Cost-Benefit Analysis
EPA's
Sham Science Reveals Political Agenda
Wetlandowners
Swamped by Regulations
EPA's
Clean Air Mischief
Inadequate
Superfund Reform
Clean Fast
Track Not Clinton Fast Track
Prometheus
Bound: The Case for Energy Use
Clouds
over Kyoto: The Debate over Global Warming
Storm
Clouds Brewing on the Environmental Justice Horizon
Environmental
Science and Sound Science
Is
EPCRA Unconstitutional?
Bean
Counting for a Better Planet: Envt'l. Enforcement at the EPA
Pesticide
Pole Vaulting
Air
Pollution: The Inside Story
OSHA
Review Commission's E-Z Trial: Backdoor Authoritarianism?
Geographies
of Smog
The
EPA Relies on Faulty Market Incentives
Advisory
Opinion: The Woburn Controversy: What We Know
The Environmental
Transition to Air Quality
Where
the Boys Are: Sex Ratios and the Environment
Emissions
Trading for Global Warming
Putting
the Law Back into Environment Law
Unsafe
for Any Species (also
available in pdf)
Market
Masked Regulation (also
available in pdf)
Mispriced
Planet (also
available in pdf)
Wages, Water
and Stagnation: The Real Worth of Prevention (also
available in pdf)
Goodbye Pesticides?
The Food Quality Protection Act of 1996 (also
available in pdf)
EPA:
The Enemy is Us (also
available in pdf)
The
Politics of Public Lands (also
available in pdf)
Food
"It's
the FDA. We're Here to Burn your Books"
Gambling
Advisory
Opinion: GOP Fixing to Nationalize Gambling Issue
Internet
Gambling: Impossible to Stop, Wrong to Outlaw
Health Care
Breaking
Up the FDA's Medical Information Monopoly
Kessler's
FDA: An Autopsy
FDA:
Keeping Medication from Cancer Patients
Health
Insurance Portability: The Consequences of COBRA
FDA's
Taxing Authority Extended to 2003
Whose
Life is it Anyway? Protecting Your Medical Privacy
Failed
FDA Reform
Murder
By Medicare: The Demise of Small Group Medical Practice
Whose
Life is it Anyway? Who Decides If Children are Vaccinated?
Getting
Beyond the Managed Care Backlash
Free
Speech vs. the FDA: Direct-to-Consumer Ads
Treatment
Decisions: Tort or Contract?
Kidcare:
Socialized Medicine Through Government Schools (also
available in pdf)
Medicare
Limits Senior Liberty (also
available in pdf)
Humor
The Laughs
on US: The Big Cheese Controls the Pie
The Laughs
on US: Big Brother Tinkers with the Golf Car
The
Laughs on US: Close the Gates
The
Laughs on US: Those Who Live in Glass Steagalls…
The
Laughs on US: Hair Today, Gone Tomorrow
The
Laughs on US: Playing Hookie
The Laughs
on US: Freeze
The Laughs
on US: Avoid Middle-Aged Peaches (also
available in pdf)
International Trade
Market Protection against Another
Oil Shock
Deregulating the Semiconductor Industry
US-Japan Semiconductor Agreement
Freedom to
Trade: WTO's Promising Anniversary
Freedom to
Trade: Protectionist Predicts World Breakdown
Freedom to
Trade: How Not to Sell Free Trade
Freedom
to Trade: East Asia Ready to Remove Training Wheels
Freedom
to Trade: Japan-bashing in Redux
Freedom
to Trade: Policy in the Dumps
Freedom
to Trade: Steel: The Other Side of the Story
Freedom to
Trade: Weighing the Alternatives to Free Trade (also
available in pdf)
Labor Relations
The Worst California Regulation: Stress as a Worker's Disability
First Steps Toward Labor Law Reform
What Works
Guidelines for Employee Participation Committees
Loopholes in the Secondary Boycott Ban
Sacred Cows
and Trojan Horses: The Dunlop Commission Report
Sense and
Nonsense on the Minimum Wage
State Court
Restrictions on the Employment-at-Will Doctrine
How Fair are
the Fair Labor Standards?
More on the Minimum Wage
Handicapping
Freedom: The Americans With Disabilities Act
Affirmative
Action or Equal Opportunity?
Unemployment
Compensation: The Case for a Free-Market Alternative
Blocking
Beck: Union Dues and Politics 10 Years Post-Decision
Temps
& the Labor Market: Why Unions Fear Staffing Companies
OECD
Countries, Higher Unionization = Higher Unemployment
Legal
Property Rights and "Rough
Proportionality"
Golden Lawsuits in the Golden State
Don't Federalize Tort Law: A
Friendly Response to Sen. Abraham
Fundamental
Reform of Tort Law
Creating a
Market for Tort Claims
Procedural
Tort Reform: Lessons from other Nations
Promises Unfulfilled:
Unfunded Mandates Reform Act of 1995
One, Two, Tort: The BMW and Tebbetts Cases
Forfeiting Reason
Proposition
211: A Random Tax on Investors
Advisory Opinion:
The Gloves Are Off: States vs. Feds
The Case for
Repealing Unauthorized Practice of Law Statutes
Advisory Opinion:
Beware: Your Rights Could be Crimes (Part I)
Advisory
Opinion: Beware of the "Public Nuisance" Lawsuit
Advisory Opinion:
Beware: Your Rights Could be Crimes (Part II) (also
available in pdf)
The Class
Action Con Game (also
available in pdf)
ABA:
Arrogance and Sanctimony (also
available in pdf)
Miscellaneous
Takings, Mandates, and
Markets
Rumblings Over Regulations
Coming Home to Kafka
Policy and
Path Dependence: From QWERTY to Windows 95
Building a
Better Bureaucrat
Who Guards
the Guardians?
Transitional
Losses: Criteria for Compensation
The Extortion
Approach to Regulation (also
available in pdf)
Postal Service
Pushing
the Envelope: Guatemala's Private Delivery Services
Belly
of the Beast: One Man's Dream, Another's Nightmare
The
1 Cent Nuisance
Privatization
In
Memorium
The Failure of Flow Control
Property
Subsidies are Not Property Rights
Modernization
of Zoning: A Means to Reform
Belly of the
Beast: GSA Monopoly Lards Office Regulations
Advisory
Opinion: Tortuous Journey to Justice
Smart
Growth, Stupid Policy
Regulatory Reform
Republican Revolution
and Regulatory Rollback
Regulatory Roolback: Twelve Targets
Is Regulatory Reform
Dead? Should Anyone Care?
Sunrises Without Sunsets: Can
Sunset Laws Reduce Regulation?
Regulatory Report Card
Regulating by Numbers
California Dreaming?
Rhetoric vs. Reality: New Jersey
Regulatory Reform
Virginia's Deregulatory Challenge:
A Promising Start
A Golden Anniversary? The Administrative Procedures Act of 1946
Reviewing the National Performance
Review
Clinton's Regulatory Record
Belly of the Beast: Civil Servants
Get the Job Done
Regulatory Process Reform: From
Ford to Clinton
Regulating the Regulators: Regulatory
Reform in the 104th Cong.
Alternative to Regulation:
A Study of Reform in New Zealand
Indianapolis's Rd to Reg.
Reform: A New Path in Lic. & Permits
The 1993 Results Act:
What Are the Results?
Keeping it Simple: Making
Regulators Write in Plain Language
Congress and the Clinton OMB:
Unwilling Partners in Oversight? (also
available in pdf)
Space Policy
"Space Policy and Space Tourism," by Edward L. Hudgins, Testimony before the U.S. House
of Representatives, Committee on Science, Subcommittee on Space & Aeronautics, June 26, 2001.
"A Plea for Private
Cosmonauts," by Edward L. Hudgins, Cato Daily Commentary, April 5,
2001.
"Mir's Heroic Death,"
by Edward L. Hudgins, Cato Daily Commentary, March 23, 2001.
Space:
The Free-Market Frontier (3/15/01)
A Cato Institute conference featuring former representative Bob Walker;
Gregg Maryniak of the X Prize Foundation; Liam Sarsfield of RAND; Robert
Poole of the Reason Foundation; Philip Mongan of SPACEHAB; Marc Schlather
of ProSpace; and Rick Tumlinson of the Space Frontier Foundation.
Panel topics included: The development of America’s space program and problems with NASA; the legal and regulatory barriers to private space activities; current and potential private space efforts; and policy reforms, privatization options, and a private property rights regime for space.
"National Aeronautics and Space Administration," by Edward L Hudgins, Handbook for Congress, 107th Congress, Chpt. 35. January 2001.
"Celebrating
the Lunar Landing," by Edward L. Hudgins, Cato Daily Commentary, July
20, 1999.
"Why Hasn't
Space Flight Developed As Rapidly As Aviation?" by Edward L. Hudgins,
Cato Daily Commentary, April 21, 1999.
"National
Aeronautics and Space Administration," by Edward L. Hudgins, Handbook
for Congress, 106th Congress, Chpt. 35. January 1999.
"A Tale of
Two Spaceships," by Edward L. Hudgins, Cato Daily Commentary, October
26, 1998.
"Martian Law," by Dr. Edward L. Hudgins (Delivered at the Mars Society conference, Boulder, Colorado, August 15, 1998).
"Thinking About Martian Economics," by Dr. Edward L. Hudgins (Delivered at the Mars Society conference, Boulder, Colorado, August 13, 1998).
"Time to Privatize
NASA," by Edward L. Hudgins, Cato Daily Commentary, January 26, 1998.
"Don’t Lavish
Funds on NASA," by Michael Gough, Cato Daily Commentary, July 16,
1997.
"NASA
and Mission to Planet Earth," by Edward L. Hudgins, Testimony before
the U.S. House of Representatives, Committee on Science, Subcommittee
on Space and Aeronautics, March 19, 1997.
"National
Aeronautics and Space Administration," by Edward Hudgins, Cato
Handbook for Congress, 105th Congress, Chapter 37, January
1997.
"Hayek
vs. Asimov: Spontaneous Order or Failed Foundation," by Edward Hudgins,
White Papers & Miscellaneous Reports, January 1996.
"Recommendations
Regarding NASA," by Edward L. Hudgins, Testimony before the U.S. House
of Representatives, Committee on Appropriations, Subcommittee on VA, HUD,
and Independent Agencies, February 2, 1995.
"An 'Industrial
Policy' for Space?" by Alan Pell Crawford, Policy Analysis No.69.
April 25, 1986.
Technology
US-Japan Semiconductor Agreement
Prometheus
Bound: Technology Mandates Halt Progress
Prometheus
Bound: Cloning Bears Identical Reactions
End
the Scientific Witch Hunt
Prometheus
Bound: The Basics About Basic Research
Prometheus
Bound: What the Poor Owe the Rich
The
SEC's Assault on Electronic Trading
The
Costs of Regulating Microsoft
Telecommunications
Telecompetition
Revisited: An Agenda
Should
Freeloading be Considered Theft?
The Great Taxpayer Rip-Off of 1995
The Telecommunciations
Act of 1996
Access in
Telecommunciations: Less Equality, More Entry
Tobacco
The
Politicized Science of Tobacco Policy
Secondhand
Smoke: Facts and Fantasy
Whose
Life is it Anyway? Tobacco Deal Advcs Socialized Medicine
Memo
to the Mafia: Smuggle Cigarettes
Lies,
Damned Lies and 400,000 Smoking-Related Deaths
Smoking, Insurance
and Social Cost (also
available in pdf)
From Cash
Crop to Cash Cow: How Tobacco Profits State Governments (also
available in pdf)
The Ghost
of Cigarette Advertising Past (also
available in pdf)
Trends in Youth
Smoking
Battering
Big Tobacco: Nothing to Lose But Our Liberty (also
available in pdf)
Transportation
AALA Wrong!
The Unintended Consequences
of Regulated Dyeing
Loopholes in the Secondary Boycott Ban
Clearing the Track: The Remaining
Transportation Regulations
A Libertarian Inside, Looking Out
The Bay Bridge Blunder
The Cost of Antiterrorist Rhetoric
Railing at Open Access: Proposals
in the Rail Industry
NHTSA Air Bag
Mandate Misfires
Belly of the Beast: Government Castles
Belly of the Beast: Friends
in Low Places
Airline Deregulation:
Twenty Years of Success and Counting
Belly of the Beast:
Blame the Shermans
Belly of the Beast: Sending
Truckers Down a Slippery Slope
Airline Deregulation:
The Unfinished Revolution
Commericalizing ATC: A New Opportunity
to Solve an Old Problem (also
available in pdf)
Belly of the Beast: Bureaucrats
Making Monopolies (also
available in pdf)
CAFÉ's Recipe
for Light Trucks (also
available in pdf)
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