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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.

Individual chapters are listed in the "Chapters" tab

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. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
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    8. Richard A. Posner, 1972. "The Appropriate Scope of Regulation in the Cable Television Industry," Bell Journal of Economics, The RAND Corporation, vol. 3(1), pages 98-129, Spring.
    9. Ekelund, Robert B. & Dorton, Cheryl, 2003. "Criminal justice institutions as a common pool: the 19th century analysis of Edwin Chadwick," Journal of Economic Behavior & Organization, Elsevier, vol. 50(3), pages 271-294, March.
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    27. Crain, William Mark & Ekelund, Robert B, Jr, 1976. "Chadwick and Demsetz on Competition and Regulation," Journal of Law and Economics, University of Chicago Press, vol. 19(1), pages 149-162, April.
    28. Haas-Wilson, Deborah, 1986. "The Effect of Commercial Practice Restrictions: The Case of Optometry," Journal of Law and Economics, University of Chicago Press, vol. 29(1), pages 165-186, April.
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    30. George J. Stigler, 1974. "The Optimum Enforcement of Laws," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 55-67, National Bureau of Economic Research, Inc.
    31. Robert B. Ekelund, Jr. & Douglas M. Walker, 1996. "J. S. Mill on the Income Tax Exemption and Inheritance Taxes: The Evidence Reconsidered," History of Political Economy, Duke University Press, vol. 28(4), pages 559-581, Winter.
    32. Oliver E. Williamson, 1976. "Franchise Bidding for Natural Monopolies -- in General and with Respect to CATV," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 73-104, Spring.
    33. Robert M. Spann & Edward W. Erickson, 1970. "The Economics of Railroading: The Beginning of Cartelization and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 1(2), pages 227-244, Autumn.
    34. repec:ucp:bkecon:9780226199993 is not listed on IDEAS
    35. Libecap, Gary D & Wiggins, Steven N, 1984. "Contractual Responses to the Common Pool: Prorationing of Crude Oil Production," American Economic Review, American Economic Association, vol. 74(1), pages 87-98, March.
    36. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    37. Hazlett, Thomas W, 1991. "The Demand to Regulate Franchise Monopoly: Evidence from CATV Rate Deregulation in California," Economic Inquiry, Western Economic Association International, vol. 29(2), pages 275-296, April.
    38. Ekelund, Robert B, Jr & Higgins, Richard S, 1982. "Capital Fixity, Innovations, and Long-Term Contracting: An Intertemporal Economic Theory of Regulation," American Economic Review, American Economic Association, vol. 72(1), pages 32-46, March.
    39. Robert B. Ekelund, Jr. & Mark Thornton, 1991. "Geometric Analogies and Market Demand Estimation: Dupuit and the French Contribution," History of Political Economy, Duke University Press, vol. 23(3), pages 397-418, Fall.
    40. Melvin Cross & Robert B. Ekelund, Jr., 1980. "A. T. Hadley on Monopoly Theory and Railway Regulation: an American Contribution to Economic Analysis and Policy," History of Political Economy, Duke University Press, vol. 12(2), pages 214-233, Summer.
    41. Bentham, Jeremy, 1781. "An Introduction to the Principles of Morals and Legislation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number bentham1781.
    42. Mark Thornton, 1994. "The economics of prohibition," Chapters, in: Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics, chapter 51, Edward Elgar Publishing.
    43. Demsetz Harold, 2011. "The Problem of Social Cost: What Problem? A Critique of the Reasoning of A.C. Pigou and R.H. Coase," Review of Law & Economics, De Gruyter, vol. 7(1), pages 1-13, February.
    44. Ehrlich, Isaac, 1973. "Participation in Illegitimate Activities: A Theoretical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 521-565, May-June.
    45. 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.
    46. 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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    Economics and Finance; Law - Academic;

    JEL classification:

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

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