Publisher's Synopsis
""Workable Competition and Antitrust Policy"" by George Ward Stocking is a comprehensive book that explores the concept of workable competition and its implications for antitrust policy. The author argues that traditional antitrust theories, which focus on market structure and market power, are not sufficient to promote competition in modern markets. Instead, he proposes a new approach that emphasizes the importance of dynamic competition and innovation.The book begins with an overview of the history of antitrust policy in the United States, including the development of the Sherman Act and subsequent antitrust legislation. The author then discusses the limitations of traditional antitrust theories and the need for a new approach that takes into account the dynamic nature of modern markets.The concept of workable competition is then introduced, which refers to a competitive market in which firms are able to enter and exit the market freely, and where innovation and efficiency are encouraged. The author argues that workable competition is essential for promoting economic growth and that antitrust policy should be focused on promoting workable competition rather than simply preventing monopolies.The book also includes a discussion of specific antitrust issues, such as mergers and acquisitions, price fixing, and vertical integration. The author provides examples of how workable competition can be applied to these issues and offers recommendations for antitrust policy going forward.Overall, ""Workable Competition and Antitrust Policy"" is a thought-provoking book that challenges traditional antitrust theories and offers a new approach to promoting competition in modern markets. It is a must-read for anyone interested in antitrust policy and its implications for economic growth and innovation.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
