The Economic Basis of Public Interest (Classic Reprint)

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Excerpt from The Economic Basis of Public InterestThe proper use of the term public utility as the legalists use it would perhaps restrict it to such businesses as are regu lated primarily under the common law duties to serve. These may be determined by the courts. Used in this way, the term would not extend to businesses which are regulated under the legislative police powers and not under the common law rule. It is clear, however, that legislative statutes may narrow com mon law rule and that public utilities may be subjected to legislative as well as common law regulations.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.