Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany

By Frank L. McVey | Go to book overview

CHAPTER III
REGULATION

IN the opinion of many the laissez faire doctrine, even with the influence of the common law restraining it, has worked out in a marked tendency toward monopoly. The same group also believes that whatever the merits private monopoly may possess, when thoroughly organized as an agent of production, the state can not rely upon the self- interest of the owners to supply needs or perform the services demanded by the community in a way that will be the most advantageous for the common welfare. The attempts to adjust industrial difficulties by appeal to the courts and the common law are hampered by the very inequality of the parties to the suit. The legal talent employed by the owners of a monopoly, for instance, is such as to give a marked advantage in the very opening of the case, while the long delays wear out the patience and the funds of the smaller litigant. Moreover, in those industries into which the monopoly element has not yet entered and in which the producers compete with each other, free competition turns out to be highly wasteful and at times destructive of wealth, first in the unnecessary duplication of plants and second in the continuous elimination of the relatively more poorly equipped concerns from the field of production. The strife for business in a laissez faire society soon drives the contestants to fraud and chicanery.

-235-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany
Table of contents

Table of contents

  • A Practical Book by a Practical Man. *
  • Title Page iii
  • Preface vii
  • Contents ix
  • List of Illustrations xv
  • Part I History 1
  • Chapter I a Survey 3
  • Chapter II Industrial Changes in England Since 1760 20
  • Chapter III Industrial Evolution of America 42
  • Chapter IV the Rise of Germany 68
  • Part II Industry 87
  • Chapter I Extractive Industries 89
  • Chapter II Transportation 115
  • Chapter III Manufacture 133
  • Chapter IV Forms of Industrial Organization 157
  • Chapter V Commercial Institutions 176
  • Part III Administration 195
  • Chapter I Fundamental Questions 197
  • Chapter II Interference 216
  • Chapter III Regulation 235
  • Chapter IV Government Ownership 256
  • Chapter V Conclusion 273
  • Index 293
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 306

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.