The Problem of Monopoly (Classic Reprint): A Study of a Grave Danger, and of the Natural Mode, of Averting It - Couverture souple

John Bates Clark

 
9781330497036: The Problem of Monopoly (Classic Reprint): A Study of a Grave Danger, and of the Natural Mode, of Averting It

Synopsis

Excerpt from The Problem of Monopoly

This little work gives permanent form to a course of lectures recently delivered in Cooper Union, New York. They were given in an Ofi-hand way and stenographically reported; and they are now published with a minimum of revision. The considerate reader will, as I hope, take the book for what it is, in view of the manner of its preparation and its general purpose. That purpose is merely to apply to important problems economic prin ciples which have recently become known.

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Présentation de l'éditeur

This little work gives permanent form to a coarse of leetnres recently delivered in Cooper Union, New York. They were given in an off-band way and stenographically reported; and they are now published with a minim Tun of revision. The considerate reader will, as I hope, take the book for what it is, in view of the manner of its preparation and its general purpose. That purpose is merely to apply to important problems economic principles which have recently become known. The indostrial system which developed under a regime of freedom and competition has become perverted by the presence of monopoly; and the thing to be accomplished is not to revolutionize the system by the method of state socialism, nor yet to cause it to reverse its natural development by resolving the great corporations which now dominate it into their constituent elements, as crude antitrust legislation would try to do, but rather to retain the corporations for their el Bcienoy while taking from them their power of oppression. Nature has shown us how to accomplish this, by revealing forces which now partly accomplish it, though without some action by the state they do their work imperfectly.
(Typographical errors above are due to OCR software and don't occur in the book.)

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