Public utility

Definition and stakes

Portrait of Frederic Austin Ogg Frederic Austin Ogg,  The Governments of Europe

“ The commonest object of private bills is to enable private individuals to enter into combination to undertake works of public utility—the building of railways or tramways, the construction of harbors or piers, the draining of swamps, the supplying of water, gas, or electricity, and the embarking upon a wide variety of other enterprises which in the United States would be regulated chiefly by state legislatures and city councils—at their own risk and, in part at least, for their own profit. ”
Source: Gutenberg

Portrait of Adam Smith Adam Smith,  The Wealth of Nations (1776)

“ To hinder, besides, the farmer from sending his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act or legislative authority which ought to be exercised only, which can be pardoned only, in cases of the most urgent necessity. ”
Source: Gutenberg

Paul Klapper,  College Teaching

“ Especially in what is designated as applied economics and applied sociology there is to be found material a large part of which relates directly to the regulation and administration of governmental affairs. Thus in portions of the courses designated as labor problems, money and banking, public finance, trust problems, public utility regulation, problems in social welfare, and immigration, primary consideration is frequently given to government activities and to the influences and conditions surrounding government control. ”
Source: Gutenberg

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