The Political Economy of Controls: American Sugar
AbstractThis paper outlines the salient characteristics of competing models of economic regulation and controls. It then examines the evolution of the American sugar program from 1934 to 1987 in the light of these models. While lobbying and other features of traditional models were clearly important, other elements also played a key role. In particular, a technocracy developed, and complexity of regulation served as an important factor perpetuating the sugar program. Similarly, lobbying and the role of vested interests was clearly important in the evolution of the program once it began but there was an element of ?accident? in the programs initiation. Once it existed, it became an instrument to be captured and used by politicians, technocrats, and economic interests alike.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2504.
Date of creation: Feb 1988
Date of revision:
Publication status: published as Public Policy and Economic Development: Essays in Honour of Ian Little, edited by Maurice Scott and Deepak Lal, pp. 170-216. New York: Oxford University Press, 1990.
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