How do federal regulations affect consumer prices? An analysis of the regressive effects of regulation

This study is the first to measure the impact of federal regulations on consumer prices. By combining consumer expenditure and pricing data from the Bureau of Labor Statistics, industry supply-chain data from the Bureau of Economic Analysis, and industry-specific regulation information from the Mercatus Center’s RegData database, we determine that regulations promote higher consumer prices, and that these price increases have a disproportionately negative effect on low-income households. Specifically, we find that the poorest households spend larger proportions of their incomes on heavily regulated goods and services prone to sharp price increases. While the literature explores other specific costs of regulation, noting that higher consumer prices are a probable consequence of heavy regulation, this study is the first to provide a thorough empirical analysis of that relationship across industries. Irrespective of the reasons for imposing new regulations, these results demonstrate that in the aggregate, the negative consequences are significant, especially for the most vulnerable households.

     

Continuity and Change in the Constitutional Experience of the German Jews

Despite the progress of Emancipation in the nineteenth century,German Jews were required to to legally recognized Jewish communities.Even after this requirement was lifted, Jewish communal liferemained strong. The community structure that the Prussian stateexpected the Jews to implement was modeled after German civiladministration. This framework, however, resembled both medievalGerman and medieval Jewish models. Thus, German Jews, whilemodernizing their own communal institutions, continued to maintainboth their own and their German neighbors' political traditions.The German Jewish communal constitutions attest to a Jewishpolitical tradition of adaptation to prevailing gentile norms,as well as retention of ancient Jewish elements.     

The Chilean presidential elections of 1999–2000 and democratic consolidation

This article examines the campaign and the outcome of the presidential elections held in 1999–2000 in Chile. It argues that the election marks a crucial phase in the consolidation of democracy in Chile. It can be seen as the first “normal” election since the return to democracy in 1990. It was unusually competitive and the result was in doubt until the second round vote. The election was notable for its emphasis on the future. Issues of the past were largely ignored ‐ as was the position of General Pinochet in London. The campaign of the Right was based upon an above‐party appeal while that of the ruling coalition relied on the traditional weight of parties in Chile. The result can be seen as an endorsement of the policies of the Concertacion government, but it also represented a resurgence of the Right. The victorious candidate, Ricardo Lagos, has stressed his commitment to social justice and to equity ‐ but he faces the problem of a governing coalition with internal differences still to be resolved, and a Right better placed to be a formidable opposition.     

The liberal tradition and the ‘Lib‐Lab Pact’

This article examines the ‘Lib‐Lab Pact’ in the light of Liberal Party history and is written from a viewpoint sympathetic to Liberal Party aims. It sketches the Liberal view that the party's decline was the result more of leadership failure than of failure to respond to social and economic change and poses the question whether the present Liberal leadership is not in danger of continuing a tradition of strategic error. Finally, it suggests that if Liberals are to make headway politically they must adopt a more ruthless attitude to politics.