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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

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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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