Papers And Proceedings Of The Twenty Seventh Annual Meeting Of The American Economic Association

Author : American Economic Association
Publisher : Forgotten Books
ISBN 13 : 9780260284044
Total Pages : 590 pages
Book Rating : 4.2/5 (84 download)

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Download or read book Papers and Proceedings of the Twenty-Seventh Annual Meeting of the American Economic Association written by American Economic Association and published by Forgotten Books. This book was released on 2017-11-04 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Papers and Proceedings of the Twenty-Seventh Annual Meeting of the American Economic Association: Princeton, N. J. December 1914 But the taking of the so-called utilities, including the common carriers, out of the categories of competition and freedom of con tract, does not bring the readjustment of the doctrines of private property into consonance with the popular ethical sentiments re lating to the rights of property m a rapidly growing and changing civilization. Therefore, just as the decision (chisholm vs. Georgia, 1798) that a citizen may sue a state was answered immediately by an agitation for amendment prohibiting such suit, and within four years by the adoption of such an amendment, so immediately after the Dartmouth College case the people began to forbid, by constitutional amendment where that seemed practicable, and by general statutes where amendment was difficult, the granting of any corporate charters without the specific reservation on the part of the legislature to alter, amend, or appeal the same. This, of course, did not reach charters previously granted. In the absence of a constitutional amendment, it remained for the courts to step in and relax the rigors of the Dartmouth College ease by strained interpretation. This was done by introducing the doctrine of the police power, which is by implication superimposed upon and made a part of all contracts. The New York courts entered first upon this practice, but it was taken up within a decade by the federal Supreme Court. This was a great extension and an entirely new application of the police power.1 The full significance however of such application did not appear until more than a generation later. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.