201. Big Business and Planning.
- Subjects
AMERICAN business enterprises ,ECONOMISTS ,CENTRAL economic planning ,ECONOMIC competition ,CORPORATE growth ,ECONOMIC activity ,UNFAIR competition ,RESTRAINT of trade ,ECONOMIC systems - Abstract
Focuses on the economic concentration of controls of the U.S. economy in a handful of corporations. View that academic economists do not hold up much faith in planning and believe that universal competition is still there; Discussion on a paper by Gardiner C. Means, published in the March number of the journal "The American Economic Review" that refutes the assumption that universal competition still exists; Findings of the paper that only two hundred corporations control a major chunk of the assets and income of corporations in the U.S.; Fact that these corporations are growing at a faster rate than the medium-sized and little ones; Causes of this growth; View that domination of market by only a handful of corporations implies the absence of the concept of universal competition; Areas of economic activities not showing the signs of economic concentration of control in a few business enterprises; Failure of planning authorities to check this economic concentration of control; Ways legal controls are being executed including the steps in relation to restraint of trade; Discussion of steps required to be taken to infuse the economic system of the U.S. with the spirit of competition.
- Published
- 1931