Excerpt from What Is Fair: A Study of Some Problems, of Public Utility Regulation
This little book should be read in the spirit in which it is written. Because its tone may seem to some readers to be pro-corporation, it should be said that the author has no financial interest, direct or indirect, in any public utility, and in his professional work he has been employed more often by the public than by private interests. The book is the result of an honest effort, extending over some years, to determine for the author's own satisfaction just what is fair in the relationships of the public and the owners of its utilities. Always he asks, "What is fair?"
Only a few of the many problems that arise are considered, and these only to try to develop fundamental principles that should govern those having to labor with the details.
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