At the outset of the Naderite consumer movement, the Austrians had a vigorous response in this book by Mary Bennett Peterson. She discusses whether and to what extent product, safety, labor, communications, and other regulation helps or hinders the interest of the consumer. She argues that the right of contract and the freedom to trade are the best protections, and that regulations only end up privileging some producers over others. This book is an excellent case study in the application of Mises's principle of consumer sovereignty. It appeared in 1971, and its forecast of a hobbled production process and unprotected consumers have proven true many times over.But the FTC of the 1960s resurrected after four decades the idea that a franchisor does not have the right of product control over his franchise dealers. Specifically, the FTC questioned the right of the Carvel Corp., an East Coast soft ice cream dispensing franchisor, to require that ... But calculation of costs, and especially cost allocation, is anything but a precise science, and the FTC has haggled long andanbsp;...
|Title||:||The Regulated Consumer|
|Author||:||Mary Bennett Peterson|
|Publisher||:||Ludwig von Mises Institute - 2007|