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Cartels, Concerns and Trusts (Hardcover)
Loot Price: R6,565
Discovery Miles 65 650
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Cartels, Concerns and Trusts (Hardcover)
Series: Routledge Revivals
Expected to ship within 12 - 17 working days
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Total price: R6,585
Discovery Miles: 65 850
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This volume makes available to English readers the best known and
most frequently quoted study of industrial combination from the
German point of view. There is an abundance of literature on the
trusts, from economists who have lived close to that evolution, and
the trusts, by their more challenging position, were for two
decades the centre of the discussion which turned on what in
industry was safe for democracy. Meanwhile, in Germany, the
alternative of the cartel was having a less noticed a controversial
development, until in Westphalia there was created, out of lower
forms, a working model which was new and unique in the manner in
which it related producers to each other and to the market. In only
a few industries has this model been fully established; but it
presents a rival type to the trusts, and places the problem of
combination on a different basis of analysis and tendency. The
distinction between these two forms may be a matter of industries,
or of national law and psychology; or they may work together, the
cartel being the general envelop within which fusions are created,
the types are nevertheless distinct, so much so that
'rationalization', as a general term, rather denotes than defines
them both. IN America, the Cartel is illegal, so that industry has
sought its administrative solution in fusions; in England trusts
and cartels co-exist; in Germany, they are interlaced, great trusts
having their feet in one cartel, their shoulders in another and
their heads in a third.
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