Controls or Competition
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| Hersteller: | Forgotten Books (Author, Unknown) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Controls or Competition: Hearings Before the Subcommittee on Antitrust and Monopoly of the Committee on the Judiciary, United States Senate, Ninety-Second Congress, Second Session, Symposium on the Economic, Social and Political Effects of Economic Concentration; January 18, 19 The subcommittee met, pursuant to recess, at 9:40 a.m., in room 318, Old Senate Office Building, Senator Philip A. Hart (chairman) presiding. Present: Senators Hart, Hruska, and Thurmond. Also present: Charles E. Bangert, general counsel; Dr. Walter S. Measday, economist; David D. Martin, chief economist, Arthur Anderson, economist; Peter N. Chumbris, chief counsel for the minority; Kirkley S. Coulter, economist for the minority; Patricia Bario, editorial director; and Janice Williams, clerk. Senator Hart. The committee will be in order. It will come as no surprise to Senator Gore, nor to Dr. Mueller, that while you guests represent all the talent that does not deter Senators from making opening statements. But this time mine is, I hope, by all definition, a brief one. The hearings that we open this morning are entitled Controls or Competition. The hearings open at a period when Government control over our economy reaches further than has ever been the case in a period other than one of declared war. Our hearings are not to argue whether these controls have been needed to slow unemployment or inflation. What I hope would be the issue that we might get some understanding on is how we got into this situation and what changes should be made to avoid having varying kinds of wage, and price controls with us for years to come. That fiscal and monetary controls can contain inflation and unemployment in our present economic structure is a theory that has been tested and in the minds of many it has failed. Many economists tell us this is not because the fiscal and monetary theories are invalid but that they need a competitive economy if they are going to work. This subcommittee - and now the administration - has suggested for some time that although we bill ourselves as a free enterprise Nation, this is less than entirely true. Because our economy is dominated by concentrated industries which do not respond to demand as competitive enterprises, instead of the consumer being the boss, he has ended up being bossed by these industries which, while flying under the banner of free competitive enterprises, are not actually competitive or fully competitive. 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.
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