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Full-Text Articles in Public Policy
Progress In Federal Regulatory Policy, 1980-2000, Murray L. Weidenbaum
Progress In Federal Regulatory Policy, 1980-2000, Murray L. Weidenbaum
Murray Weidenbaum Publications
As the regulatory reform movement slows, a new strategy, focusing on the shortcomings of the basic regulatory statutes, is needed. Congress should establish an independent Congressional Office of Regulatory Analysis to credibly assess the costs and benefits of proposed congressional regulation legislation.
Regulatory Reform: Progress And Unfinished Business, Murray L. Weidenbaum
Regulatory Reform: Progress And Unfinished Business, Murray L. Weidenbaum
Murray Weidenbaum Publications
From 1980 to 2000, attitudes toward government regulation have shifted significantly. Terms like "command and control" have been replaced by "the magic of the marketplace." Yet as this statement before the Joint Economic Committee in March 2000 demonstrates, as the regulatory reform movement slows, a new strategy, focusing on the shortcomings of the basic regulatory statutes, is needed. Congress should establish an independent Congressional Office of Regulatory Analysis to credibly assess the costs and benefits of proposed Congressional regulation legislation.
The Public And The Congress Need To Know More About Government Regulation, Murray L. Weidenbaum
The Public And The Congress Need To Know More About Government Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
The public and Congress both need to know more about the costs and benefits of government regulation. This testimony before the Senate Committee on Government affairs in April 1999 addresses the proposed S.59 bill, the Regulatory Right-to-Know Act of 1999, and the proposals for a Congressional Office of Regulatory Analysis. S.59 accomplishes the desirable objective of raising the level of public regulatory understanding in a straightforward and nonpartisan manner: providing consistent regulatory data. Likewise, a new Office of Regulatory Analysis would give Congress an independent source of information - provided its charter were broad enough for the task.
A New Approach To Regulatory Reform, Murray L. Weidenbaum
A New Approach To Regulatory Reform, Murray L. Weidenbaum
Murray Weidenbaum Publications
Even though there is a legitimate need for government regulation, it is still a blunt and imperfect tool, often imposing costs that greatly outweigh the benefits. This study presents the need for regulatory reform and suggests a few ways to do so.
Recasting The Role Of Government To Promote Economic Prosperity, Murray L. Weidenbaum
Recasting The Role Of Government To Promote Economic Prosperity, Murray L. Weidenbaum
Murray Weidenbaum Publications
No government in the world has an agency with the mission of depressing the economy or accelerating the rate of inflation. Yet, many government actions - especially taxation, government spending, and regulation - have those undesirable effects. The paper focuses on government regulation of business, where the costs are especially insidious, and what can be done to reform this regulation. Government decision-makers often forget the fundamental fact that individuals and private organizations have tremendous capability to deal with the shortcomings of a modern economy on their own. Relying more heavily on private initiative moves us closer to a free society …
Government Regulation And Medium-Sized Business, Murray L. Weidenbaum
Government Regulation And Medium-Sized Business, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper attempts to analyze government regulation across the size spectrum, arguing in favor of market policies over government intrusion.
It's Time To Cut Government Regulations, Murray L. Weidenbaum, Melinda Warren
It's Time To Cut Government Regulations, Murray L. Weidenbaum, Melinda Warren
Murray Weidenbaum Publications
This piece shows how the costs of regulation affect consumers and recommends that Congress should conduct benefit-cost analyses when proposing regulation.
A New Look At Heath-Care Reform, Murray L. Weidenbaum
A New Look At Heath-Care Reform, Murray L. Weidenbaum
Murray Weidenbaum Publications
The time is ripe for taking a new look at health-care reform. Between a free market and a governmental approach, the operation of market forces often proceeds more rapidly and more effectively in responding to serious problems than do the more ponderous decision-making mechanisms of the public sector. Indeed, often the reduction of governmental impediments to competition represents the most efficient and least costly solution. Medical care is no exception.
It's Time To Cut Government Regulations, Murray L. Weidenbaum, Melinda Warren
It's Time To Cut Government Regulations, Murray L. Weidenbaum, Melinda Warren
Murray Weidenbaum Publications
Congress should establish a committee on regulatory reform. Changes that would be helpful include: 1) require benefit-cost analysis for new regulation; 2) enforce a fixed timetable for agencies to issue permits; 3) emphasize objectives sought rather than precise methods to be used; 4) use risk assessment for achieving environmental, health, and safety protection; and 5) promote regulatory justice.
The Rising Presence Of Government In The Workplace, Murray L. Weidenbaum
The Rising Presence Of Government In The Workplace, Murray L. Weidenbaum
Murray Weidenbaum Publications
Debates over government regulation are often erroneously framed as a battle between business and the public interest. For government officials, however, regulation is an easy way to advance policy agendas without spending much federal money. But every time the government imposes new standards on the workplace or increases employee benefits, it imposes a more expensive method of production on businesses. Politicians are able to simultaneously vote for the better treatment of employees and criticize "greedy" companies. Consumers, meanwhile, suffer by paying for these hidden taxes.
The New Wave Of Environmental Regulation: The Impacts On Business And Consumers, Murray L. Weidenbaum
The New Wave Of Environmental Regulation: The Impacts On Business And Consumers, Murray L. Weidenbaum
Murray Weidenbaum Publications
Following the regulatory excesses of the 1970s and the reforms of the 1980s, the policy pendulum is swinging back again. On the surface, the government imposing socially desirable requirements on business seems to be a cheap way of achieving national objectives. But every time a government agency attempts to safeguard the environment or foster occupational health or promote product safety, it imposes a more expensive method of production on businesses. Consumers, meanwhile, suffer by paying for these hidden regulations.
The New Wave Of Business Regulation, Murray L. Weidenbaum
The New Wave Of Business Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper argues that increased regulations lead to increased production costs and therefore higher prices for the average American.
What Is The Right Energy Policy For America?, Murray L. Weidenbaum
What Is The Right Energy Policy For America?, Murray L. Weidenbaum
Murray Weidenbaum Publications
Addressed are the nation's options for energy policies heading into the 1990s and the need for less government regulation and more market interactions for price-setting. Such a policy should also include the full environmental costs to production as a way to help reduce excessive energy usage.
Improving Competitiveness, Congressional Style, Murray L. Weidenbaum
Improving Competitiveness, Congressional Style, Murray L. Weidenbaum
Murray Weidenbaum Publications
Seemingly in order to demonstrate its concern with huge trade deficits, Congress passed the Omnibus Trade and Competitiveness Act of 1988. While the object of the legislation is ostensibly to reduce trade deficits and enhance American competitiveness, the new statute actually responds to all sorts of pressure groups. This report examines the impact of the new trade law on a multitude of government agencies.
Reaganomics: Success And Failure, Murray L. Weidenbaum
Reaganomics: Success And Failure, Murray L. Weidenbaum
Murray Weidenbaum Publications
Murray Weidenbaum evaluates Reaganomics two-and-a-half years after it was enacted and examines the effectiveness of these policy initiatives, showing that the results are mixed at best.
Regulation And The Public Interest, Murray L. Weidenbaum
Regulation And The Public Interest, Murray L. Weidenbaum
Murray Weidenbaum Publications
The increase in government regulation during the 1960s and 1970s is examined, as well as showing the importance of understanding the benefit/cost ratio of regulation.
Public Policy And The Business Firm: Proceedings Of A Conference, Murray L. Weidenbaum
Public Policy And The Business Firm: Proceedings Of A Conference, Murray L. Weidenbaum
Murray Weidenbaum Publications
Murray Weidenbaum shows the impacts of expanding regulation on business firms.
Costs Of Regulation And Benefits Of Reform, Murray L. Weidenbaum
Costs Of Regulation And Benefits Of Reform, Murray L. Weidenbaum
Murray Weidenbaum Publications
This article describes many of the direct and indirect costs of government regulation.
The Future Of Government Regulation: The Public Response, Murray L. Weidenbaum
The Future Of Government Regulation: The Public Response, Murray L. Weidenbaum
Murray Weidenbaum Publications
Public interest groups, academics, and the media have an obligation to respond constructively to issues in government policy that affect the lives of people.
Another Approach To Regulatory Reform, Murray L. Weidenbaum
Another Approach To Regulatory Reform, Murray L. Weidenbaum
Murray Weidenbaum Publications
In a statement given to the Senate Committee on the Judiciary, Murray Weidenbaum gives his reasons why regulatory reform is needed and offers suggestions for sensible changes.
The Impacts Of Government Regulation, Murray L. Weidenbaum
The Impacts Of Government Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper studies the various costs incurred in the process of government regulation.
Reducing The Hidden Cost Of Big Government, Testimony Before The Joint Economic Committee Of The U.S. Congress Priorities In Tax Policy, Testimony Before The U.S. Senate Committee On Finance, Murray L. Weidenbaum
Reducing The Hidden Cost Of Big Government, Testimony Before The Joint Economic Committee Of The U.S. Congress Priorities In Tax Policy, Testimony Before The U.S. Senate Committee On Finance, Murray L. Weidenbaum
Murray Weidenbaum Publications
The largest and most rapid increase in government power over the private sector is not in the areas of taxation or government spending. Rather, it is the expansion of government regulation that impacts the everyday consumer, motorist, homeowner, worker, investor, taxpayer, and nation as a whole in distinct ways. It concludes by suggesting several initial reforms.
Government Regulation And Small Business, Testimony Prepared For The U.S. House Of Representatives Committee On Small Business, Murray L. Weidenbaum
Government Regulation And Small Business, Testimony Prepared For The U.S. House Of Representatives Committee On Small Business, Murray L. Weidenbaum
Murray Weidenbaum Publications
This testimony presents four major points regarding H.R. 7739 "Small Business Impact Statement Act of 1977" and H.R. 10632 "Small Business Regulatory Relief Act." First, there is concern that regulation hits smaller business disproportionately hard. Second, requiring a regulatory impact statement is a good one, as it helps government understand the effects of its actions. Third, the amount of paperwork required by specific impact statements is concerning. Finally, public policy would be better served by requiring a single comprehensive impact statement prior to the issuance of each new regulation.
Government Regulation And The Slowdown In Innovation, Murray L. Weidenbaum
Government Regulation And The Slowdown In Innovation, Murray L. Weidenbaum
Murray Weidenbaum Publications
The excessively rapid expansion of government regulation of business is slowing down the rate of innovation and scientific progress in the United States. The answer is not to eliminate all forms of government regulation, however. Rather, the sensible approach is to reform the existing array of regulation so as to achieve important social objectives with fewer of the adverse side effects.
Strategies For Business Survival In A World Of Government Intervention, Murray L. Weidenbaum
Strategies For Business Survival In A World Of Government Intervention, Murray L. Weidenbaum
Murray Weidenbaum Publications
Murray Weidenbaum points out that the future of the economic system depends on government policies and their effects on business.
A Fundamental Reform Of Government Regulation, Murray L. Weidenbaum
A Fundamental Reform Of Government Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
During the past few years, the American public has been alerted to the problems and shortcomings of government regulatory activities. The Regulatory Reform Act of 1977 provides a platform for modernizing and improving government activities that have profound repercussions for all of society. It should be supported and enacted accordingly.
The Costs Of Government Regulation, Murray L. Weidenbaum
The Costs Of Government Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
Overregulation of business causes extra costs to the consumer. For the public good, government needs to find sensible and moderate means of regulation in order for business to fulfill its basic economic function.
The Rising Cost Of Government Regulation, Murray L. Weidenbaum, Robert Defina
The Rising Cost Of Government Regulation, Murray L. Weidenbaum, Robert Defina
Murray Weidenbaum Publications
In fiscal year 1976, the direct cost of federal government regulation of business hit an all time high. By 1978, the annual total federal regulatory cost will be approximately $3.8 billion, an 85% rise over the 1974 level. The most expensive sectors of federal regulatory activity are not focused on an individual industry, but are assigned to a broad category of social activities like the environment, energy, and consumer health and safety.
The Potential For Reducing Inflationary Pressures By Reforming Government Regulation, Murray L. Weidenbaum
The Potential For Reducing Inflationary Pressures By Reforming Government Regulation, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper suggests that if government offers proper incentives instead of increasing regulation, business and individuals would be more liable to alter their economic behavior in a way that is more beneficial to society as a whole.
The New Wave Of Federal Government Regulation Of Business, Murray L. Weidenbaum
The New Wave Of Federal Government Regulation Of Business, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper discusses the need for society to examine excessive government regulation and find ways to reduce cost and waste.