Essays on the Economic Role of Government : Volume 2: Applications

Contains a collection of articles applying fundamental concepts of power, property, regulation and the compensation principle to contemporary topics: the wealth maximization hypothesis, the Coase theorem, public utility regulation, and other topics in law and economics. Front Matter....Pages i-x Introduction....Pages 1-8 Front Matter....Pages 9-9 Maximization of Wealth as Justice: An Essay on Posnerian Law and Economics as Policy Analysis....Pages 11-36 Posnerian Law and Economics on the Bench....Pages 37-68 Wealth Maximization and Judicial Decision Making: The Issues Further Clarified....Pages 69-74 Front Matter....Pages 75-75 The Coase Theorem and the Study of Law and Economics....Pages 77-110 A Critique of Rent-seeking Theory....Pages 111-128 Front Matter....Pages 129-129 Property Rights, Equity and Public Utility Pricing....Pages 131-168 Survival and Pareto-Optimality in Public Utility Rate Making....Pages 169-180 Utility Late Payment Charges....Pages 181-195 The Usury Issue in Public Utility Late Payment Charges....Pages 196-233 Public Utility Rate Making and Competitive Structure: Carterfone in Jeopardy....Pages 234-257 On the Effect of Regulation on Value....Pages 258-271 Regulation and Valuation....Pages 272-279 Front Matter....Pages 281-281 Technology, Labour Interests and the Law: Some Fundamental Points and Problems....Pages 283-307 Interdependence and Impacts: Towards the Integration of Externality, Public Goods and Grants Theories....Pages 308-319 The Myths of Liberty and the Realities of the Corporate State: A Review Article....Pages 320-338 Anarchism and the Theory of Power....Pages 339-366 Back Matter....Pages 367-369