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Books > History > American history
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Louis D. Brandeis and the Making of Regulated Competition, 1900-1932 (Paperback)
Loot Price: R925
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Louis D. Brandeis and the Making of Regulated Competition, 1900-1932 (Paperback)
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This book provides an innovative interpretation of
industrialization and statebuilding in the United States. Whereas
most scholars cast the politics of industrialization in the
progressive era as a narrow choice between breaking up and
regulating the large corporation, Berk reveals a third way:
regulated competition. In this framework, the government steered
economic development away from concentrated power by channeling
competition from predation to improvements in products and
production processes. Louis Brandeis conceptualized regulated
competition and introduced it into public debate. Political
entrepreneurs in Congress enacted many of Brandeis's proposals into
law. The Federal Trade Commission enlisted business and
professional associations to make it workable. The commercial
printing industry showed how it could succeed. And 30 percent of
manufacturing industries used it to improve economic performance.
In order to make sense of regulated competition, Berk provides an
original theory of institutions he calls 'creative syncretism'.
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