The Texas Railroad Commission: Understanding Regulation in America to the Mid-twentieth Century (Kenneth E. Montague Series in Oil and Business History) Book PDF, ePub eBook
The Texas Railroad Commission: Understanding Regulation in America to the Mid-twentieth Century (Kenneth E. Montague Series in Oil and Business History).pdf
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Book Descriptions:
William R. Childs’s unprecedented study of the TRC from its founding until the mid-twentieth century extends our knowledge of commission-style regulation. It focuses on the interplay between business and regulators, between state and national regulatory commissions, and among the three branches of government through a process of pragmatic federalism.”
Drawing on extensive primary research, Childs demonstrates that the alleged power of regulatory commissions has been more constrained than most observers have recognized. As he shows, the myth of power was devised by the agency itself as part of building a civil religion of Texas oil. Together, the myth and the civil religion enabled the TRC to convince Texas oil operators to follow production controls and thus stabilized the American oil industry by the 1940s.
The result of this fascinating study is a more nuanced understanding of federalism and of regulation, the forces shaping it, and its outcomes.
The Texas Railroad Commission: Understanding Regulation in America to the Mid-twentieth Century (Kenneth E. Montague Series in Oil and Business History) by William R. Childs
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