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Administered Prices: pt.27. Price fixing and bid rigging in the electrical manufacturing industry. April 13, 14, 17-20, 25-28, May 2, 1961. pp. 16507-17200. pt.28. Price fixing and bid rigging in the electrical manufacturing industry. May, 3-5, 10, 11, 16-18, June 5, 6, 22, 23, 1961. pp. 17201-17966. pt.29. Public policy on administered prices. May 21-23, 1963. pp. 17967-18214

United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly

Published: 1957

Total Pages: 1756


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Concentrated market power and the weakened sway of corporate stakeholders over management have emerged as leading concerns of American political economy. Samuel Milner provides a historical context for contemporary efforts to resolve these anxieties by examining the contest to control the distribution of corporate income during the mid‑twentieth century. During this “Golden Age of American Capitalism,” apprehension about the debilitating consequences of industrial concentration fueled efforts to ensure that management would share the fruits of progress with workers, consumers, and society as a whole. Focusing on wage and price determination in steel, automobiles, and electrical equipment, Milner reveals how the management of concentrated industries understood its ability to distribute income to its stakeholders as well as why economists, courts, and public policymakers struggled to curtail the exercise of that market power at its source.
The stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors? Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? This breakthrough study examines the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and what it actually accomplishes in the real world. Instead of protecting competition, this book asserts, antitrust law actually protects certain politically-favored competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions.

Administered Prices

United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly

Published: 1961

Total Pages: 1764


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Examines the impact of administered prices in concentrated industries on the cost of living. Also compares market pricing mechanisms of agricultural industries with administered pricing practices of manufacturing industries.