Throughout the world, the rail industry has been one of the most heavily regulated sectors. The public utility paradigm of government regulation has failed to handle the central regulatory problem--the mixture of competive and monopoly elements in supply-- and is now being blamed for the poor...

One: History of the Development of the Mutual Fund Industry -- Investment Companies -- Pre-1940 -- 1940 to 1970 -- 1970 to the Present -- Conclusions -- Two: Regulation of the Mutual Fund Industry -- Background -- Investment Company Act of 1940 -- The 1970 Amendments -- Recent Regulatory...