Title Enterprise and American law, 1836-1937 / Herbert Hovenkamp

Published Cambridge, Massachusetts : Harvard University Press, 1991 ©1991

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Description 1 online resource (x, 443 pages) Contents Frontmatter -- Contents -- Preface -- Introduction: Classicism, Democracy, and the Rule of Law -- CHAPTER 1. Classical Political Economy and the Business Corporation -- CHAPTER 2. Vested Corporate Rights -- CHAPTER 3. Politics and Public Goods -- CHAPTER 4. The Corporate Personality -- CHAPTER 5. Limited Liability -- CHAPTER 6. Corporate Power and Its Abuse -- CHAPTER 7. A Moral Theory of Political Economy -- CHAPTER 8. The Classical Theory of Federalism -- CHAPTER 9. An Economic Interpretation of the Constitution -- CHAPTER 10. Market Failure and Constitutional Classicism: The Slaughter-House Cases -- CHAPTER 11. Regulation and Incorporation -- CHAPTER 12. The Railroads and the Development of Regulatory Policy -- CHAPTER 13. Federalism and Rate Discrimination -- CHAPTER 14. Historical Explanation and Substantive Due Process -- CHAPTER 15. The American School of Political Economy -- CHAPTER 16. The Wages Fund -- CHAPTER 17. Market Failure and the Constitution -- CHAPTER 18. Classical Theory and the Labor Cartel -- CHAPTER 19. Coercion and Its Meaning: Antitrust and the Labor Injunction -- CHAPTER 20. American Merger Policy and the Failure of Corporate Law -- CHAPTER 21. The Classical Theory of Competition -- CHAPTER 22. The Rise of Industrial Organization -- CHAPTER 23. The Fixed-Cost Controversy -- CHAPTER 24. Potential Competition -- CHAPTER 25. Vertical Integration and Resale Price Maintenance -- Epilogue: Classical Enterprise in Decline -- Notes -- Index Summary In this integration of law and economic ideas, Herbert Hovenkamp charts the evolution of the legal framework that regulated American business enterprise from the time of Andrew Jackson through the first New Deal. He reveals the interdependent relationship between economic theory and law that existed in these decades of headlong growth and examines how this relationship shaped both the modern business corporation and substantive due process In this integration of law and economic ideas, Herbert Hovenkamp charts the evolution of the legal framework that regulated American business enterprise from the time of Andrew Jackson through the first New Deal. He reveals the interdependent relationship between economic theory and law that existed in these decades of headlong growth and examines how this relationship shaped both the modern business corporation and substantive due process. Classical economic theory--the cluster of ideas about free markets--became the guiding model for the structure and function of both private and public law. Hovenkamp explores the relationship of classical economic ideas to law in six broad areas related to enterprise in the nineteenth and early twentieth centuries. He traces the development of the early business corporation and maps the rise of regulated industry from the first charterbased utilities to the railroads. He argues that free market political economy provided the intellectual background for constitutional theory and helped define the limits of state and federal regulation of business behavior. The book also illustrates the unique American perspective on political economy reflected in the famous doctrine of substantive due process. Finally, Hovenkamp demonstrates the influence of economic theory on labor law and gives us a reexamination of the antitrust movement, the most explicit intersection of law and economics before the New Deal. Legal, economic, and intellectual historians and political scientists will welcome these trenchant insights on an influential period in American constitutional and corporate history Analysis Commercial law United States Bibliography Includes bibliographical references (pages 365-436) and index Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL In English Print version record digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Corporation law -- United States -- History Trade regulation -- United States -- History Antitrust law -- United States -- History Industrial policy -- United States -- History LAW -- General. Antitrust law Corporation law Industrial policy Trade regulation Antitrustrecht Gesellschaftsrecht Wirtschaftsrecht Bedrijfsleven. Wetgeving. Sociétés -- Droit -- États-Unis -- Histoire. Commerce -- Réglementation -- États-Unis -- Histoire. Concurrence -- Droit -- États-Unis -- Histoire. Politique industrielle -- États-Unis -- Histoire. United States USA Genre/Form History Form Electronic book ISBN 0674257480 9780674257481 9780674335585 0674335589

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