Regulation, The Constitution, and the Economy
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A01=James Rolph Edwards
Author_James Rolph Edwards
Category=KC
Category=KJ
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9780761812623
- Weight: 336g
- Dimensions: 141 x 212mm
- Publication Date: 19 Nov 1998
- Publisher: University Press of America
- Publication City/Country: US
- Product Form: Paperback
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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.
James Rolph Edwards obtained his B.S. in political science from Brigham Young University in 1969. After a stint in the army, Edwards attended the University of Utah and earned his Ph.D. in economics in 1983. Since 1988, he has taught economics and political science at Montana State University Northern in Havre, Montana. Edwards has published four previous books on economic topics along with numerous journal articles.
