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Economic Regulation & Property
Nebbia v. New York
Decided: 1934
In brief
Upheld state price regulation, signaling growing deference to economic regulation.
The Court's ruling in depth
The Court upheld a New York law setting minimum milk prices during the Depression, retreating from the notion that only 'businesses affected with a public interest' could be price-regulated. Nebbia foreshadowed the New Deal-era collapse of Lochnerism.