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Going Value And Rate Valuation, Ben W. Lewis

Michigan Law Review

From the mere circumstance "that a controversy has been long kept on foot, and remains still undecided, we may presume that there is some ambiguity in the expression, and that the disputants affix different ideas to the terms employed ...... " Although David Hume was not here concerning himself with twentieth century utility regulation, his observation finds appropriate employment as a preface to a present day study of the problem of going value. The problem is an open one-temptingly open. Years of contention, an impressive array of publications by economists, attorneys, and engineers, and hundreds of opinions of courts and …