Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Regulation, The Constitution, and the Economy: The Regulatory Road to Serfdom

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

Edwards, James Rolph

Paperback

Economics

ISBN10: 0761812628
ISBN13: 9780761812623
Publisher: University Press of America
Published: Nov 19 1998
Pages: 256
Weight: 0.56
Height: 0.54 Width: 5.00 Depth: 8.00
Language: English
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.

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