Cartels: Business and Labor

The Triumph of Conservatism, by Gabriel Kolko. See the discussion in the section on History.

Railroads and Regulation: 1877-1916, by Gabriel Kolko (New York: W. W. Norton, 1965). Shows how the railroads received governmental aid and restrictions on competition.

Antitrust Policy: The Case for Repeal, by Dominick Armentano (Washington, D.C.: Cato Institute, 1986). A concise statement of the distorting effects of antitrust laws.

Antitrust and Monopoly: Anatomy of a Policy Failure, by Dominick Armentano (New York: John Wiley & Sons, 1982). Armentano offers a historical and economic indictment of antitrust laws.

Concentration, Mergers, and Public Policy, by Yale Brozen (New York: Macmillan, 1982). A thoroughgoing study of industrial concentration that refutes many myths about the "necessity" of state action to overcome monopoly; the state is the principal source of monopoly.

In Defense of Industrial Concentration, by John S. McGee (New York: Praeger, 1971). Argues that the existence of industrial concentration per se does not justify antitrust action.

"Predatory Price Cutting: The Standard Oil (N.J.) Case," by John S. McGee in Journal of Law and Economics 1 (October 1958): 137-69. Examines the charges of "predatory pricing" (where large firms allegedly sell below cost to drive competitors from the market and then raise prices drastically to reap monopoly profits) in a celebrated antitrust case; shows that the model of predatory pricing is incoherent.

Crisis and Leviathan, by Robert Higgs. See the discussion in the section on History.

The Mirage of Oil Protection, by Robert L. Bradley, Jr. (New York: University Press of America, 1989). Bradley offers a detailed and highly informative history of oil tariffs and other attempts to create "energy self-sufficiecy", carefully bringing together history and economic analysis.

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