The Bottlenecks of BusinessDedicated to the men of the Antitrust Division of the Department of Justice, this powerful book was written by Thurman W. Arnold in 1940, when he was Assistant Attorney General of the United States. Under his astute and vigorous leadership, the Division prosecuted 230 companies for monopoly practices in violation of the Sherman Antitrust Act. Mr. Arnold saw the Act as an instrument to clear the restraint of trade. His anti-trust purpose, he said at the time, was not to destroy the big corporations but to keep them within bounds. The book provides an enlightening analysis of some of the principal cases of the time. |
Contents
| 1 | |
| 20 | |
III How Restraints of Trade Unbalance the National Budget | 46 |
IV A Free Market In Time of National Emergency or War | 60 |
V An Elastic Procedure Backed by Tradition to Prevent the Private Seizure of Industrial Power | 91 |
VI The Test is Efficiency and Service Not Size | 116 |
VII Procedure Under The Sherman Act How It Operates | 132 |
VIII The Clarification of Law Through Public Enforcement | 164 |
IX Antitrust Enforcement for the Benefit of the Consumer | 191 |
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Common terms and phrases
agreement anti Antitrust Division antitrust enforcement antitrust laws association attack balance balance wheel Bausch & Lomb become bids boycott building industry businessmen cars cartel cent combination commerce Commission companies competition competitors Congress contractors corporations cost criminal decision democracy democratic Department of Justice destroy distributors dollars economic effect efficiency enterprise Ethyl Ethyl Corporation example fact farm farmer Federal Federal Trade Commission fix prices forced free market gasoline Germany give grand jury Hartford-Empire idea illegal income indictment interests investigation judicial labor unions legislation machine maintain manufacturers ment methods milk monopolies national defense necessity nomic organization patent political practical pressures prevent price-fixing privileges problem prosecution policy protection reason restraints of trade result savings sell Sherman Act situation subsidies sumer Supreme Court system of distribution Thurman Arnold tion trust laws United violation wages