Economist Alfred Khan was an accomplished man that contributed to the aviation industry in the early years of establishing what it is today. How important his contributions were to economics and aviation today, he was a major player in the deregulation of the airline industry.
1. Introduction to Alfred Khan
2. Alfred Khan contributions.
• Airline industry
• The Civil Aeronautics Board
1. controlled entry, exit
2. the pricing of airline services
• 1978 airline Deregulation act
3. Benefits of partial deregulation
4. Industry problems after deregulation
5. Future of deregulation is for the American economy
6. Alfred Khan award
Alfred Khan was born in Patterson N.J on Oct 17, 1917 to parents that were Russian Immigrants; Khan’s Father landed a job in a local Silk Mill and after several years was offered the opportunity to own one himself. By his fathers’ efforts Alfred was able to peruse his educational goals. At the age of 15 Khan graduated from High school with honors and then at the age of 18 received his bachelors (summa cum laude) and Master’s degrees from the University of New York, He then enrolled into Yale University where he was able to gain his Doctorate in Economics. Khan was enlisted in the Armed Forces for a short period of time but was discharged for his poor eyesight. He then assumed the role as Chairman of the Department of Economics at Ripon College; after his short time at Ripon College Khan was able to obtain a position at Cornell as a chairman in the Department of Economics, as well as serve on the Board of Trustees and Dean of the College of Arts and Science. In 1970 Khan’s first publication was released “The Economics of Regulation” work that is still used as a reference today. His first opportunity to work in the field that he loved was when he obtained a Chairman position at the New York Public Service Commission, which regulated utilities such as power, telephone, and water; he also was responsible for busses and docks. He was able to introduce innovations such as lower charges for electrical usage in the off peak hours; his accomplishments were so astonishing that he was appointed by President Jimmy Carter to the Civil Aeronautics Board. Throughout his career Khan has served many public positions including advisor to the president during President Carter’s presidency. While serving under President Carter Khan was well known for his blunt remarks and damaging comments; his views about the policies that the administration were following that he was convinced that they were headed for another great depression. He once explained in a press conference by saying that “Inflation occurs when everyone is trying to take a piece of the pie, but…