The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention.

Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Can the welfare system  in the United States accord people dignity? That question is often left out of the current debates over welfare and workfare. In this provocative book, Nancy Rose argues that the United States has been successful in the past––notably during the New Deal and in the 1970s––at shaping programs that gave people “fair work.”           
However, as Rose documents, those innovative job creation programs were voluntary and were mainly directed at putting men back to work. Women on welfare, and especially women of color,  continue to be forced into a very different kind of program: mandatory, punitive, and demeaning. Such workfare programs are set up for failure. They rarely train women for jobs with futures, they ignore the needs of the women’s families, and they do not pay an honest wage. They perpetuate poverty rather than prevent it.           

Rose uses the history of U.S. job creation programs to show alternatives to mandatory workfare. Any effort to redesign welfare in America needs to pay close attention to the lessons drawn from this perceptive analysis of the history of women, welfare, and work. This is an indispensable book for students, scholars, policymakers, politicians, and activists––for everyone who knows the system is broken and wants to fix it.