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Table of Contents Introduction Chapter 1: A Tale of Two Economies Suspecting a Trap The "Goldilocks Economy" Contrasting Two Economies Postwar Economy: The New Industrial State The 1990s: How Things Have Changed Manufacturing The Regulated Industries The Financial Sector Retailing A Strikingly Different Economy Chapter 2: The Passing of "Generous Motors" and Big Steel Auto Industry Hearings: 1958 Automobiles: An Entrepreneurial Industry Goes Wrong. Japanese Imports Shake Up the American Giants The Government Rescues Chrysler Looking for Protection Splits in the Business Community to Keep Auto Markets Open Japanese "Transplants" Make It in America Chapter 3: The Steel Story The Construction Industry and Minimills Imports: Caught Between Two Fires The Auto Industry Delivers a Crucial Blow The Parts Makers Back Competition, Too The Parts Makers Turn on Big Steel Machine Tool Builders Forced to Compete As Well Coming Around: Big Steel Itself Backs Competition in Electricity U.S. Political System Can Support Competition In the Rear-View Mirror Chapter 4: The Demise of the Government-Supported Oligopolies Jack the Giant Killer The Way It Was in the Regulated Industries Limits on Competition: Another Legacy of the Great Depression New Deal Economic Measures Concern Grows About Weak Competition After the War Competition's Comeback: Regulation Slowly Unwinds The Pessimists Are Proved Wrong Competition Comes to AT&T The End of Airline Price-Fixing Begins a Parade Carter Picks Up Where Ford Left Off Ford and Carter Take On the Truckers and Teamsters The Dam Has Burst The Bottom Line: The Economic Impacts of Deregulation Counterattacks The Airline Crisis The Telecommunications Meltdown The California Energy Crisis Competition Becomes Contagious Chapter 5: Opening Up American Finance A Financier Who Said Yes The Changing Structure of American Finance The Junk-Bond Market Competition Comes to the New York Stock Exchange Regional Banks Challenge the New York Establishment Copying the Americans-More or Less In the Rear-View Mirror Abuses Are Not a Reason to Reverse Reforms Chapter 6: The Revolution in Retailing Out-of-Town Shopping Wal-Mart Remakes the Playing Field The Politics of Retail Competition Challenging the Department Stores and Groceries The Retail Competition Ripple Effect Continuing Efforts to Limit Competition California's Big-Box Battle Besieging Manhattan The Vintners' Internet Wars Retail Battles in Japan and Europe The Well-Fortified Japanese Corner Store Restrictions on Competition in European Retailing Balancing Interests Chapter 7: Overlooking "the Plainest Truths" Tools of the Economist's Trade Nixon Lets the Private Sector Off the Hook Ford and Carter: Facing Economic Orthodoxy Reagan and the Supply-Siders: Stressing Tax Cuts Bush and Clinton: Cutting Deals With a Powerful Fed Summing Up Chapter 8: The Competition Solution: "The Liberation of a People's Vital Energies" Circling Back Progrowth Policies for a New Century The Importance of Liberal Trade Policies The Continuing Relevance of Antitrust Regulation: Framework and Rules for Competition Policing Competition in Financial Markets New Sectors Where Competition Would Stimulate Growth Increasing Competition in Education Increasing Competition in Health Care Conclusion Notes About the Author
Library of Congress Subject Headings for this publication:
Competition -- United States.
United States -- Economic conditions -- 2001-.
United States -- Economic conditions -- 20th century.
United States -- Politics and government -- 2001-.
United States -- Politics and government -- 20th century.