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41 Geo. Wash. L. Rev. 407 (1972-1973)
Federal Trade Commission and Incipient Unfairness

handle is hein.journals/gwlr41 and id is 419 raw text is: The Federal Trade Commission and Incipient Unfairness A. EVERETTE MAcINTYRE* JOACHIM J. VOLHARD** The history of the Federal Trade Commission is the story of the unfolding of a procedure and enforcement thereunder within the framework of an Act which gave extraordinary latitude to men who were just as human and normal as beings should be. Hence the wave-like advancement and recession in interpre- tation and enforcement of the Act.1 Introduction The Federal Trade Commission is now 59 years old, has had 48 Com- missioners, has initiated countless proceedings and has had a pro- found effect on the American economy. It is one of the smallest of the agencies (with annual appropriations of $380,000 in fiscal 1916 and slightly mere than $30 million in fiscal 1973) ,2 but its responsi- bility is to keep competition, in a free enterprise system that has produced a Gross National Product in excess of $1 trillion, free and fair. Almost since its inception, the FTC has been attacked as inef- fective, inefficient, incompetent, and unfair. This criticism has come * Commissioner, Federal Trade Commission; A.B., University of North Carolina, 1926; L.L.B., George Washington University Law School, 1929. ** Attorney, Federal Trade Commission; B.A., Georgetown University, 1960; J.D., Georgetown University Law Center, 1963. 1. Thompson, Highlights in the Evolution of the Federal Trade Commis- sion, 8 GEo. WASH. L. REY. 257, 261 (1940). 2. See 1916 FTC ANN. REP. 62; BUDGET OF THE UNITED STATES Gov'T- FMscAL YEAR 1973, H.R. Doc. No. 215, 92d Cong., 2d Sess. 435 (1972). March 1973 Vol. 41 No. 3

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