This book, first published in 1928, was written at a time when the
tendency in industry was towards the formation of large combines.
With competition growing as markets and methods of communication
grew, many manufacturers considered their only option was to unite
in self-defence, setting up a movement that restrictive legislation
was unable to check. This book analyses the proper relations
between monopolistic combines and the State, and was the first to
examine the German experience of organised monopoly, and the means
used to prevent it from becoming a mere protection for inefficient
producers.
General
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