Regulation, the Constitution, and the Economy: The Regulatory

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Regulation, the Constitution, and the Economy: The Regulatory Road to Serfdom
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Regulation, The Constitution, and the Economy demonstrates the constitutionally degraded and inherently dictatorial character of regulation, its ineffectiveness in curing social ills, and its use as a tool of special interests seeking personal gain in the form of money or power. Regulation became prominent in the late medieval mercantile rent seeking societies, but was little used in the United States until after the Civil War. The author demonstrates the nature of regulation as antithetical to constitutional forms of law, and an antidemocratic franchising of legitimate legislative authority to unelected persons. He provides a history of industry regulation using transportation and public utilities that belies the public interest justification for such regulation and makes its rent-seeking origins clear. The history of social regulation proves less clear, but shows the public harmed more than helped by it, as exhibited through its enormous negative effect on productivity growth and economic activity.
Country USA
Brand University Press of America
Manufacturer University Press Of America
Binding Paperback
ReleaseDate 1998-11-19
UnitCount 1
EANs 9780761812623

Country	USA
Brand	University Press of America
Manufacturer	University Press Of America
Binding	Paperback
ReleaseDate	1998-11-19
UnitCount	1
EANs	9780761812623

Regulation, the Constitution, and the Economy: The Regulatory Road to Serfdom

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