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The Mind's Eye of Reform: The ICC's Bureau of Statistics and Accounts and a Vision of Regulation, 1887–1940

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  • Miranti, Paul J.

Abstract

By examining the relationship between measurement and regulation at the Interstate Commerce Commission between 1887 and 1940, the following article sheds light on a little-studied component of the commission's work. It argues that the nature of the accounting and statistical tools used by the ICC had an impact on the regulatory process, specifically that the difficulties encountered in the development of accurate and relevant railroad statistics often undermined the agency's ability to achieve its regulatory goals. At the same time, a changing economic, political, and social environment affected the regulators' perception of the type of data necessary to gain control of the industry's structure.

Suggested Citation

  • Miranti, Paul J., 1989. "The Mind's Eye of Reform: The ICC's Bureau of Statistics and Accounts and a Vision of Regulation, 1887–1940," Business History Review, Cambridge University Press, vol. 63(3), pages 469-509, October.
    • Handle: RePEc:cup:buhirw:v:63:y:1989:i:03:p:469-509_06
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    Cited by:

    1. Swift, Robyn, 2004. "The pass-through of exchange rate changes to the prices of Australian exports of dairy and livestock products," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), pages 1-27.
    2. Kumar Sivakumar & Gregory Waymire, 2003. "Enforceable Accounting Rules and Income Measurement by Early 20th Century Railroads," Journal of Accounting Research, Wiley Blackwell, vol. 41(2), pages 397-432, May.

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