The Federal Power Commission

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Excerpt from The Federal Power Commission: Economic Assessment and Legal ReformThis point of view does not encompass all aspects of regulatory activities, nor does it lead to all possible pro posals for reform of the Federal Power Commission. There is no analysis here of the activities of particular Commissioners, of their individual performance and how they affected the trend of Commission decisions. Individual Commissioners have been important in changing the Commission for a time, but not for more than a few years. They have been constrained by rules and procedures, and by the markets in which they provide their services to such an extent that the structural relations must be more important. An alternative view might be that if industries are being regulated wrongly, then it must be because bad people are doing the regulating. The alternative View invites support not found here.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.