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Airline Quote by Alfred Kahn

“Whenever competition is feasible it is, for all its imperfections, superior to regulation as a means of serving the public interest.” quote by Alfred Kahn
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“Whenever competition is feasible it is, for all its imperfections, superior to regulation as a means of serving the public interest.”

Alfred Kahn

About This Quote

Source Speech: Public Policy Forum, 1972

Competition, despite flaws, often yields better public outcomes than direct regulation.

In simple terms: Competition can be better than regulation despite imperfections.

Key Takeaway

Consider market solutions before imposing strict rules.

Themes

economics public policy competition regulation

Mood

analytical critical

Type

economic policy

When to use this quote

  • transportation planning
  • energy markets
  • telecommunications policy
  • healthcare delivery

Key Concepts

microeconomics public choice theory

Questions to Reflect On

  • When is regulation preferable to competition?
  • How can we mitigate competition’s imperfections?
A Different Perspective

Competition may fail without safeguards against abuse.

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