The Regulation of Industry

By Dudley F. Pegrum | Go to book overview
keeping with the liberal philosophy. Mr. Gerard Swope advanced a "plan" of this nature by suggesting that organized industry should exert every effort to stabilize economic activity; and to that end corporation reports should be standardized, and production and consumption should be co-ordinated on a broader and more intelligent basis.12 In order to accomplish this, Mr. Swope proposed that trade associations should be formed with a variety of enumerated powers. There were suggestions relative to a workmen's compensation act; life and disability insurance; pensions; and, finally, unemployment insurance, when regularity and continuity of employment proved impracticable. If such arrangements as these can be put into effect without fixing relative prices and determining production quotas, they deserve wholehearted support. Voluntary planning of this nature is completely in keeping with the liberal tradition. The attempt to put it into practice during the depression of the thirties, however, eliminated too many of the voluntary features. This is likely to be the case so long as planning involves the national mobilization of resources, whether it be to fight a war, fight depression, or fight anything else.During World War II, our economic activity was planned for war purposes; and so far as winning the war was concerned, it was a success. This very fact, however, created a serious danger. The devices and procedures appropriate to the prosecution of war are not capable of winning the peace. The pursuit of this analogy constitutes one of the greatest threats to freedom in the future. The fundamental problem of reconstruction is that of changing from a war to a peace economy. The need for the withdrawal of the government from the position that it assumed during the war, and the restoration of conditions that will make private enterprise once more the foundation of our economy, is the crux of the whole issue. In other words we are now faced with the task of working out a program to unplan. This is a delicate and difficult assignment that, in the present state of world affairs, will tax our faith and ingenuity for years to come.REFERENCES
Blodgett R. H. Comparative Economic Systems, chap. 26. New York: Macmillan Co., 1944.
____________________
12
See J. G. Frederick, Readings in Economic Planning ( New York: Business Bourse, 1932), especially chap. i.

-458-

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The Regulation of Industry
Table of contents

Table of contents

  • Title Page iii
  • Preface vii
  • Table of Contents xi
  • Chapter I - The Problem and Its Setting 1
  • References 15
  • Chapter II - Institutional Arrangements 17
  • References 42
  • Chapter III - Forms of Business Organization 44
  • References 72
  • Chapter IV - The Scale of Enterprise 74
  • References 100
  • Chapter V - Price Policies 102
  • References 125
  • Chapter VI - The Combination Movement in The United States 127
  • References 156
  • Chapter VII - Integrated Combinations 158
  • References 173
  • Chapter VIII - Combination by Agreement 175
  • References 195
  • Chapter IX - The Law and Industrial Control 197
  • References 231
  • Chapter X - Anti-Trust Legislation 233
  • References 258
  • Chapter XI - Judicial Enforcement of The Anti-Trust Laws 260
  • References 310
  • Chapter XII - The Federal Trade Commission 312
  • References 359
  • Chapter XIII - Patents 361
  • References 387
  • Chapter XIV - International Combinations 389
  • References 421
  • Chapter XV - Control of the Corporation 423
  • References 439
  • Chapter XVI - The State and Economic Life 440
  • References 458
  • Chapter XVII - The Problem of National Policy 461
  • References 481
  • Table of Cases 483
  • Index 489
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