The appropriateness of policy depends on the state of technology. The Half-Life of Policy Rationales
argues that the justifications for many public policies are dissolving as technology advances. As new detection and metering technologies are developed for highways, parking, and auto emissions, and as information about quality and safety becomes more accessible and user-friendly, these services are better handled by the private sector. As for public utilities, new means of producing and delivering electricity, water, postal, and telephone services dissolve the old natural-monopolies rationales for government controls.
This volume includes essays on marine resources, lighthouses, highways, parking, auto emissions, consumer product safety, money and banking, medical licensing, electricity, water delivery, postal service, community governance, and endangered species. The editors, including the Cato Institutes, Clyde Wayne Crews Jr., have mobilized the hands-on knowledge of field experts to report on technological advances and develop theories about the policy implications. The Half-Life of Policy Rationales
will be of interest to readers in public policy, technology, property rights, complexity theory, and economics.
Contributors include Clyde Wayne Crews Jr., Michael De Alessi, Fred E. Foldvary, David Friedman, Rick Geddes, Daniel B. Klein, Alvin Lowi Jr., Spencer Heath MacCallum, Kerry Macintosh, John C. Moorhouse, Peter Samuel, Jane S. Shaw, Donald C. Shoup, Richard L. Stroup, and Shirley V. Svorny.
Press Release: The Half-Life of Policy Rationales