The appointment of economist Alfred Kahn to chair the Civil Aeronautics Board led to a milestone in the history of deregulation and a success story for an administration better known for failed economic policies. Not only did airline deregulation enable carriers to selectively cut fares, it also led to changes in entry and route structure that surprised many economists.

John Howard Brown is an associate professor in the Department of Finance and Economics at Georgia Southern University.
Antitrust, Competition, and MonopolyEconomic History and DevelopmentEconomic PolicyEconomyFree Market EconomicsLabor and EmploymentRegulationTransportation