Monopoly and Competition: A Study in English Industrial Organisation (Classic Reprint)

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Excerpt from Monopoly and Competition: A Study in English Industrial Organisation This book was written and more especially translated in the hope of offering to Englishmen interested in the economic problems of their country, some account of its present industrial organisation. That organisation is characterised by monopolist tendencies which run counter to the hitherto prevailing regime of free competition. In England, the pioneer in economic history of competition, this development should excite the greatest interest, yet it is in England of all countries that the least recognition has been given to the economic importance of this new form of industry. The present work attempts to explain the existing organisation of English industry by a study of the history of monopoly and competition, and at the same time to give an analysis of English cartels and trusts as they now are. I have tried to approach my subject without parti pris, and solely to describe and analyse. As I regard the historical alternation of monopoly and competition as an economic necessity which dogmas and evaluations unavoidably coloured by contemporary prejudice cannot affect, I have no personal bias to discount It is, however, the duty of science to show what facts give or have given rise to these two systems of industrial economy respectively, and though itself without ulterior motive to assist those who wish to be guided by knowledge in the attainment of their objects. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.