General Editor's Introduction

General Editor's Introduction 108 WILLIAM G. SHEPHERD guidelines. He also planned to create a “Brains Trust” of economists to help guide his antitrust policy decisions. In practice, the Trust turned out to be a series of one young economist per year, a “Special Economic Assistant to the Assistant Attorney General for Antitrust”, who spent a year on leave from academic life. Finally, Turner created major new Division activity toward the deregulation of stock market, and banking, railroads, telecommunications and even electricity. This clairvoyant leadership was far ahead of its time. Many deregulating officials and economists nowadays who may know nothing of Turner are, in fact, carrying out his ideas. The economic advisor had direct access to Turner and his successors, with a next-door office, daily discussions, and attendance at weekly top-level Division meetings. Because Turner, who held an economics PhD as well as a law degree, was exceedingly open to economic methods, the “brains trust” had close involve- ment and some influence. Some of the latest research ideas were injected into policy choices. And there was a strong reverse process. The advisers learned in- tensively about antitrust and industries, and some of their new thinking turned into papers and books that had http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

General Editor's Introduction

Loading next page...
 
/lp/springer-journals/general-editor-s-introduction-KAYQdMH4yQ
Publisher
Springer Journals
Copyright
Copyright © 2000 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007888810687
Publisher site
See Article on Publisher Site

Abstract

108 WILLIAM G. SHEPHERD guidelines. He also planned to create a “Brains Trust” of economists to help guide his antitrust policy decisions. In practice, the Trust turned out to be a series of one young economist per year, a “Special Economic Assistant to the Assistant Attorney General for Antitrust”, who spent a year on leave from academic life. Finally, Turner created major new Division activity toward the deregulation of stock market, and banking, railroads, telecommunications and even electricity. This clairvoyant leadership was far ahead of its time. Many deregulating officials and economists nowadays who may know nothing of Turner are, in fact, carrying out his ideas. The economic advisor had direct access to Turner and his successors, with a next-door office, daily discussions, and attendance at weekly top-level Division meetings. Because Turner, who held an economics PhD as well as a law degree, was exceedingly open to economic methods, the “brains trust” had close involve- ment and some influence. Some of the latest research ideas were injected into policy choices. And there was a strong reverse process. The advisers learned in- tensively about antitrust and industries, and some of their new thinking turned into papers and books that had

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 16, 2004

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off