A Brief History of the FTC’s Bureau of Economics: Reports, Mergers, and Information Regulation

A Brief History of the FTC’s Bureau of Economics: Reports, Mergers, and Information Regulation Although there are numerous histories of the Federal Trade Commission (FTC), there has been little focus on sub-organizations of the FTC. While this history of one sub-organization, the Bureau of Economics, is a description of the role of economists in antitrust and consumer protection, it also provides an example of an entity that serves an economic staff function for a larger organization run largely by attorneys. That arrangement is not uncommon in the federal government, since many government agencies utilize economists and only one, the Federal Reserve, is run by economists. Despite this organizational structure, economists at the FTC have had a significant role since its 1914 founding, and in the most recent 40 years, those economists have produced work that not only made the FTC a more efficient and effective regulator, but also enhanced the knowledge of economists generally in areas of FTC specialty. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

A Brief History of the FTC’s Bureau of Economics: Reports, Mergers, and Information Regulation

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Publisher
Springer US
Copyright
Copyright © 2014 by Springer Science+Business Media New York (outside the USA)
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-014-9430-3
Publisher site
See Article on Publisher Site

Abstract

Although there are numerous histories of the Federal Trade Commission (FTC), there has been little focus on sub-organizations of the FTC. While this history of one sub-organization, the Bureau of Economics, is a description of the role of economists in antitrust and consumer protection, it also provides an example of an entity that serves an economic staff function for a larger organization run largely by attorneys. That arrangement is not uncommon in the federal government, since many government agencies utilize economists and only one, the Federal Reserve, is run by economists. Despite this organizational structure, economists at the FTC have had a significant role since its 1914 founding, and in the most recent 40 years, those economists have produced work that not only made the FTC a more efficient and effective regulator, but also enhanced the knowledge of economists generally in areas of FTC specialty.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Aug 2, 2014

References

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