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Samuel Insull and the Movement for State Utility Regulatory Commissions

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  • McDonald, Forrest

Abstract

It was one of history's sardonic pranks that the forces deriding business efficiency and clamoring for regulation made Samuel Insull a favorite scapegoat. He had built his early electric system in Chicago with vision, administrative and political skill, and a conspicuously advanced concept of public relations. Insull espoused the “natural monopoly†principle, but he shocked contemporaries by insisting upon the corollary necessity for public control. He fought hard and effectively for state regulation, not as a radical theorist hut as a realist with a record of public service unsurpassed in the infant electric utility industry.

Suggested Citation

  • McDonald, Forrest, 1958. "Samuel Insull and the Movement for State Utility Regulatory Commissions," Business History Review, Cambridge University Press, vol. 32(3), pages 241-254, October.
    • Handle: RePEc:cup:buhirw:v:32:y:1958:i:03:p:241-254_00
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    Cited by:

    1. Werner Troesken, 2010. "Competition and Corruption: Lessons from 150 Years of Industrial Governance," Working Paper 426, Department of Economics, University of Pittsburgh, revised Jan 2010.
    2. Werner Troesken, 2006. "Regime Change and Corruption. A History of Public Utility Regulation," NBER Chapters, in: Corruption and Reform: Lessons from America's Economic History, pages 259-281, National Bureau of Economic Research, Inc.

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