The Progressive Assault on Laissez Faire: Robert Hale and the First Law and Economics MovementLaw and economics is the leading intellectual movement in law today. This book examines the first great law and economics movement in the early part of the twentieth century through the work of one of its most original thinkers, Robert Hale. Beginning in the 1890s and continuing through the 1930s, progressive academics in law and economics mounted parallel assaults on free-market economic principles. They showed first that "private," unregulated economic relations were in fact determined by a state-imposed regime of property and contract rights. Second, they showed that the particular regime of rights that existed at that time was hard to square with any common-sense notions of social justice. |
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... demands that " equal rights " must mean , at root , " equal means " to rights . But , again like most of his fellow progressives , Hale stopped short of advocating absolute equality of incomes or widespread government own- ership of ...
... demand , is to be declared bankrupt , and we are to have no further dealings with it . ' ' 55 Much of Hale's career can be summarized in the list of words that he argued must be relegated to Cohen's trash heap of intellectual bankrupts ...
... by the difference between the value of labor's input in the production of a given commodity , measured by the minimum wage that labor would demand to 27 maintain some social minimum of existence , and the INTRODUCTION.
... demand exceeded available supply at constant costs . As a result , surplus value represented ( as Henry George said of land rents ) “ a value created by the whole community . ' ' 94 If anyone had a right to surplus value , the ...
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Contents
1 | |
2 The Empty Idea of Liberty | 29 |
3 The Empty Idea of Property Rights | 71 |
4 A RentTheory World | 108 |
Rate Regulation of Public Utilities | 160 |
6 Conclusion | 205 |
Notes | 217 |
Index | 333 |
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The Progressive Assault on Laissez Faire: Robert Hale and the First Law and ... Barbara H. Fried No preview available - 2001 |