The Problem of Monopoly (Classic Reprint): A Study of a Grave Danger, and of the Natural Mode, of Averting It: A Study of a Grave Danger, and of the Natural Mode, of Averting It (Classic Reprint) - Softcover

Inhaltsangabe

How giant corporations shape prices, wages, and politics—and what to do about it.
In The Problem of Monopoly, John Bates Clark lays out how large firms can limit output, raise prices, and squeeze labor. It offers a practical look at the economic forces at work and the steps society can take to restore fair competition.

This edition presents clear explanations of how monopolies affect everyday life, the economy, and the balance between labor and capital. It argues for reforms that aim to keep industry productive while protecting workers and the public from the worst abuses of market power.

• How monopolies raise prices and limit supply, and what that means for households.


• Why wages and living costs can be distorted under concentrated corporate power.


• The relationship between organized labor, business, and government in a monopoly era.


• Paths the author suggests for reintroducing healthy competition and economic democracy.

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