Winter 2025

Let it be admitted at the outset: If there is a theory of monopoly—in the sense of a unifying explanation with some factual basis of the gradual transformation of competitive into monopolistic market organizations—I do not know of it. There …

No one has argued the omnipresence of the law of supply and demand more persuasively than businessmen themselves—spokesmen for the steel industry not excluded. It is therefore ironic that steel succeeded last summer in accomplishing what had been denied as …