Paul Rubin discusses deregulation and the obstacles that stand in the way of President Obama's initiative.

Why is the process of restructuring so different in electricity than in other infrastructure industries?

In this timely monograph, Paul L. Joskow argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reforms in other sectors.

Electrical Restructuring: The Texas Story explores how Texas's groundbreaking program of electricity restructuring has become a model for truly competitive energy markets in the United States.

In his timely new monograph, Deregulation: Where Do We Go from Here? (AEI Press, October 2009), Paul L. Joskow, MIT economics professor and president of the Alfred P. Sloan Foundation, argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reform initiatives in other sectors.

An alternative narrative is that the financial crisis was caused by U.S. government housing policies that helped create 25 milion subprime and Alt-A mortgages--47 percent of all U.S. mortgages--which are currently defaulting at unprecedented rates.