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The Economics of Edwin Chadwick

Author

Listed:
  • Robert B. Ekelund Jr
  • Edward O. Price III

Abstract

The authors detail Sir Edwin Chadwick’s sophisticated conceptions of moral hazard, common pool problems, asymmetric information, and theory of competition, all of which differ starkly from those promulgated by Adam Smith and other classical economists. Also examined are Chadwick’s views on government versus market role in dealing with problems created by natural monopoly, and whether some or all market problems justify government regulation or alterations of property rights. The authors investigate Chadwick’s utilitarian approach to labor, business cycles, and economic growth, contrasting his modern view with those of his classical economic contemporaries.

Suggested Citation

  • Robert B. Ekelund Jr & Edward O. Price III, 2012. "The Economics of Edwin Chadwick," Books, Edward Elgar Publishing, number 14915.
  • Handle: RePEc:elg:eebook:14915
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    File URL: https://www.elgaronline.com/view/9781781005033.xml
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    References listed on IDEAS

    as
    1. Robert B. Ekelund, Jr. & Edward O. Price III, 1979. "Sir Edwin Chadwick on Competition and the Social Control of Industry: Railroads," History of Political Economy, Duke University Press, vol. 11(2), pages 213-239, Summer.
    2. Smith, Adam, 1759. "The Theory of Moral Sentiments," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1759.
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    34. Robert N. Rubinovitz, 1993. "Market Power and Price Increases for Basic Cable Service Since Deregulation," RAND Journal of Economics, The RAND Corporation, vol. 24(1), pages 1-18, Spring.
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    37. Beil, Richard O, Jr. & Dazzio Jr., Thomas & Ekelund Jr., Robert B. & Jackson, John D., 1993. "Competition and the Price of Municipal Cable Television Services: An Empirical Study," Journal of Regulatory Economics, Springer, vol. 5(4), pages 401-415, December.
    38. Don Patinkin, 1947. "Multiple-Plant Firms, Cartels, and Imperfect Competition," The Quarterly Journal of Economics, Oxford University Press, vol. 61(2), pages 173-205.
    39. Ekelund, Robert B, Jr & Ford, George S, 1997. "Nineteenth Century Urban Market Failure?: Chadwick on Funeral Industry Regulation," Journal of Regulatory Economics, Springer, vol. 12(1), pages 27-51, July.
    40. Victor P. Goldberg, 1976. "Regulation and Administered Contracts," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 426-448, Autumn.
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    Cited by:

    1. Sandmo, Agnar, 2014. "The early history of environmental economics," Discussion Paper Series in Economics 10/2014, Norwegian School of Economics, Department of Economics.

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    Keywords

    Economics and Finance; Law - Academic;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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