Apologists for monopoly / 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 by Labor Research Association. - New York : International Publishers, 1955 - 62 pages ; 21 cm - A new pamphlet series . - A new pamphlet series .

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.

55001329


Trusts, Industrial--United States.

HD 2795 / .L215 1955

338.82