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Apologists for monopoly / by Labor Research Association.

By: Labor Research Association.
Material type: TextTextSeries: A new pamphlet series: Publisher: New York : International Publishers, 1955Description: 62 pages ; 21 cm.Other title: Apologists for monopoly : A critique of current theories in defense of monopoly and of statistical attempts to prove its decline - a suggested anti-monopoly program [Cover title].Subject(s): Trusts, Industrial -- United StatesDDC classification: 338.82
Partial contents:
Introduction -- 1. Statistical "proofs" of monopoly decline: How much monopoly? -- What is a "competitive situation"? -- Some fantastic results -- Nutter "proves" monopoly's decline -- Classification of industries -- Income data and choice of dates -- Results show monopoly increase -- Diversification and concentration -- Mergers and monopoly -- Mergers at the top -- The merger boom of the middle fifties.
2. "New" theories justify monopoly control: "Imperfect competition" -- Dilemma of large size -- Monopoly upheld in practice -- "Monopolistic competition" -- "Workable competition" -- Competition among monopolies -- Bigness and technique -- "Countervailing" forces -- Finance capital "disappears" -- Keynes' spending theory developed -- Damaging admissions.
3. Monopoly and the people: Decreased antitrust activity -- Outlook for anti-monopoly struggle -- Reference notes.
Summary: "There are today two new major trends among prominent economists on the subject of monopoly. The first is to compile statistical data to prove that monopoly is insignificant and constitutes no problem for the American people. The second is to muster theoretical arguments to convince the public that monopoly, if called by some other name, becomes good for the people and is necessary to the economic development of the nation." -- From the introduction.
List(s) this item appears in: Cataloged books (Erica)
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Item type Current location Call number Status Date due Barcode
BOOKS BOOKS Niebyl-Proctor Marxist Library
General Stacks
HD 2795 .L215 1955 (Browse shelf) Not For Loan NPML19070023

Includes bibliographical references (p. 60-62).

Introduction -- 1. Statistical "proofs" of monopoly decline: How much monopoly? -- What is a "competitive situation"? -- Some fantastic results -- Nutter "proves" monopoly's decline -- Classification of industries -- Income data and choice of dates -- Results show monopoly increase -- Diversification and concentration -- Mergers and monopoly -- Mergers at the top -- The merger boom of the middle fifties.

2. "New" theories justify monopoly control: "Imperfect competition" -- Dilemma of large size -- Monopoly upheld in practice -- "Monopolistic competition" -- "Workable competition" -- Competition among monopolies -- Bigness and technique -- "Countervailing" forces -- Finance capital "disappears" -- Keynes' spending theory developed -- Damaging admissions.

3. Monopoly and the people: Decreased antitrust activity -- Outlook for anti-monopoly struggle -- Reference notes.

"There are today two new major trends among prominent economists on the subject of monopoly. The first is to compile statistical data to prove that monopoly is insignificant and constitutes no problem for the American people. The second is to muster theoretical arguments to convince the public that monopoly, if called by some other name, becomes good for the people and is necessary to the economic development of the nation." -- From the introduction.

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