An excellent summary of regulatory practice and policy...It tells us how regulation works, when it fails, where it should be changed, and what to do to change it.
   --American Political Science Review

The theories developed in this book undergird many of the deregulation reforms achieved over the past five years. They will have an even greater influence on the direction of regulation in the decade to come.
   --Lloyd N. Cutler

This is an ambitious, impressive, and, I think, important book.
   --Alfred E. Kahn

A solid contribution to the reform of regulation, approaching the subject with the incisiveness, lucidness, and logical thinking which is a Breyer hallmark.
   --Senator Paul Laxalt

A book of central importance in the growing national debate over government regulation...that more than any other, is likely to shape the future course of the issue in the 1980s.
   --Senator Edward M. Kennedy

A superb text for instructing law students on the practical context of administrative law.
   --Louis B. Schwartz

Stephen Breyer is Associate Justice of the Supreme Court of the United States.

Read More by Stephen Breyer:

• Breaking the Vicious Circle: Toward Effective Risk Regulation