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Showing contexts for: judicial wisdom in Prof. Babu Mathew And Ors. vs Union Of India (Uoi) And Ors. on 18 September, 1997Matching Fragments
16. We may start with the following observations of Frankfurter J. In Morey v. Doud [1957] 354 US 457 :
"In the utilities, tax and economic regulation cases, there are good reasons for judicial self-restraint if not judicial deference to legislative judgment. The Legislature after all has affirmative responsibility. The courts have only the power to destroy, not to reconstruct. When these are added to the complexity of economic regulations, the uncertainty, the liability to error, the bewildering conflict of the experts, and the number of times the judges have been overruled by events, self-limitation can be seen to be the path to judicial wisdom and institutional prestige and stability."