Railway Monopoly and Rate Regulation by Robert James Mcfall

Railway Monopoly and Rate Regulation

byRobert James Mcfall

Paperback | February 3, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916. Excerpt: ... ciation which must of necessity exist is provided for and written off the accounts. The other principles which are left, and those which are the most seriously considered at the present time, are original investment and the cost-of-reproduction-less-depreciaciation. In one point, at least, these are quite alike: each practically requires an inventory of the real property of the railroads and each pays more or less attention to the intangible values as well. Again, apparently the advocates of each standard sincerely want to be absolutely fair to the interests of all concerned, and not to confiscate any values which they think rightfully belong to either party. As the argument between them stands, the difference of opinion seems to be largely one of ethics, that is, to whom do certain items of possible value rightfully belong? Unfortunately, our system of ethics seems to be unable to settle the question, for each side of the controversy claims that its dictum is just. Apparently, if ethical considerations are to rule, they will need to be expanded to meet the exigencies of the situation. Perhaps it would not be too much to say that what will settle such a question, when old ethical considerations are inadequate, will be a far-sighted expediency that looks ahead to conditions as far as we can see them in the light of economic theory and of practical examples in this and other fields. Larger considerations may thus be worked out that will include and piece out what is lacking in the accepted standards. There is another point in which these theories are alike. Each looks to the other for additional light, but says that in the long run it must be fundamentally determinative itself. The courts, especially the Supreme Court, have stood for the present value or th...

Details & Specs

Title:Railway Monopoly and Rate RegulationFormat:PaperbackDimensions:64 pages, 9.69 × 7.44 × 0.13 inPublished:February 3, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:021798052X

ISBN - 13:9780217980524

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