Monopoly or Competition as the Basis of a Government Trust Policy

Abstract

The problem must be attacked on grounds of theory, 308. — Maximum satisfaction and the law of the equalization of marginal return, 311. — Monopoly and competition not antagonistic, but supplementary, 315. — The endeavor to suppress combinations misdirected and futile, 318. — Competition leads to overcapitalization, i. e. , excessive capital investment, in certain industries, 321. — Existing Kartells do not represent advantageous monopolistic organization, 322. — Criticism of the American trust legislation of 1914, 324.