... : University of Chicago Press . travel cost method Clawson demand functions contingent valuation method survey research regulatory science Copyright © 2021 Duke University Press 2021 Harro.maas@unil.ch ...

... with academics in ¥elds like law and political science, who were making congruent critiques about regulatory capture by the end of the 1950s (Novak 2013). As early as 1962, President Kennedy, follow- ing the advice of academics, appealed to Congress for transportation deregulation. At the time, however...

... of a powerful regulatory state, guided by expert economic advisers, whose scientific training and credentials were supplied by the nascent research universities. Progressive economists called this new model of economic governance social control . Social control was less a coherent agenda of substantive goals...

... tome The Economics of Regulation, became a major regulatory “czar” under Presi- dent Jimmy Carter, and then had the opportunity to reflect on the out- comes of his actions, most notably regarding the US commercial airline industry and public utilities. There have been others who have published...

... thought is the single most important instru- ment for probing into the process. The second, more specific reason has to do with the relation between the history of economic thought, the evolution of property evaluation techniques, and the application of those techniques to regulatory issues...

... Charles R. 1978 . “ Committee Decisions under Majority Rule: An Experimental Study .” American Political Science Review 72 ( 2 ): 575 – 98 . Gleimer Eileen M. 1996 . “ Slot Regulation at High Density Airports: How Did We Get Here and Where Are We Going? ” Journal of Air Law...

... is with how economics leveraged psychology to grow a regulatory system when individual units pursuing their own interests did not promote the interests of society. This dilemma was one of a few stimuli generating a new focal point for rationality, that of efficient implementation. More recently, economists...

... of science are neither separate disciplines nor parasites feeding on the main body, but integral to science. He fully appreciates that his proposals for revolutionary change may seem utopian, and that any attempt to supplant the philosophy of knowledge will encounter a fierce resistance from...

.... From 1999–2001, he was a Robert Wood Johnson Scholar at the University of Califor- nia, Berkeley. Much of his research examines environmental regulatory policy, with specific emphasis on estimating the benefits of risk reduction and the effects of risk information on risk perceptions. He has also...

... or agencies. Although often optimistic about such administrative solutions, institutionalists have not been unaware of the issues of the “capture” of regulatory agencies and the growing penetration of government by business interests. Correspondence may be addressed to Malcolm Rutherford, Department...

... formalized by a group of engineers and economists associated with the engineering professor Fred Schweppe, at MIT. From his position as a leading control theorist, well known in the industry, Schweppe proposed an expansion of control theory that he argued would help break the deadlock in regulatory politics...

.... Schumpeter and the Idea of Social Science: A Metatheoret- ical Study. Cambridge: Cambridge University Press. . 2001. Joseph Schumpeter on the Relationship between Economics and So- ciology from the Perspective of Doctrinal History. In The German Historical School: The Historical...

... efficiency, 64–65, 84 Efficiency management by, 64 competition effect on, 88–89 Progressive Era, 238, 244, 245 concept of, 16 and the regulatory system, 70 Index 277 Exports...

... internalize exter- nalities. In the absence of transaction costs (the standard assumption of the orthodox view), the Pigouvian tax, subsidy, or regulatory remedies are unnecessary; it is sufficient that initial rights be assigned over the externality. An efficient and invariant allocation of resources...

... that once existed may disappear. To return to Rorty, the development of telephone engineering at AT&T created a context whereby the actions of an engineer could be renarrated as economics, and vice versa. Moreover, both could be equally situated as contributions to a new ‚eld, the science of business...

..., in addition to enhancing the potential for unethical prac- tices, industrialization intensified public scrutiny of business. With the resent- ment of smaller entrepreneurs and disenchanted customers serving as a cata- lyst, investigations and regulatory legislation placed increasing restraint...

... the idea that labor alone creates value, and that this value is the underlying regulatory principle in the determination of competitive market prices, becomes a tautology in that the value-creating power of labor no longer exists independently of the prices which it supposedly regulates...

.... ____. 1863a . L'économie politique est-elle une science ou n'est-elle qu'une étude? Journal deséconomistes , 2d ser., 37 : 237 -48. ____. 1863b . Réponse de M. Dupuit à M. Baudrillart au sujet de l'article “L'économie politique est-elle une science ou n'est-elle qu'une étude?” Journal...

... significantly affects real economic activity and that a metallic standard is unworkable, Hixson champions absolute government control of the money supply. He argues that private banks should be eliminated so that government can obtain regulatory power over money. It is not clear, however...

... whose primary concerns are methodological. Raffaelli is more informed on is- sues in the philosophy of science than he is on the current state of the discipline in economics per se. As a result, his criticisms of economic orthodoxy seem confused and misdirected. Raffaelli concentrates his...