Publisher's Synopsis
Excerpt from The Modern Distributive Process: Studies of Competition and Its Limits, of the Nature and Amount of Profits, and of the Determination of Wages, in the Industrial Society of to-Day
It is the aim of these studies to analyze the natural group system of modern industry to determine where within it competition is possible, and where combination is naturally invited 5 to ascertain the extent to which this movement checks individual rivalry and to determine the nature and scope of that residual competition which is the controlling principle of the new regime. They thus undertake to separate that which is transient from that which is permanent in the Ricardian Theory of Distribution.
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