Fortschritt und Armut

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Monograph

Identifikator:: 1027863817

URN:: urn:nbn:de:zbw-retromon-43741

Document type:: Monograph

Author:: George, Henry http://d-nb.info/gnd/118716948

Title:: Fortschritt und Armut

Edition:: Sechste, unveränderte Auflage

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1920

Scope:: 1 Online-Ressource (XII, 407 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Buch I. Arbeitslohn und Kapital

Collection:: Economics Books

MONOPOLY 113 former are commonly termed “ kartels ” and the latter “ trusts.” Recent years have seen a great increase of voluntary combinations. Some are mere unions for arranging a common policy in the matter of price ; others consist in complete industrial integrations ; while in between numerous varieties are to be found, which it is for a more realistic economics to classify and account for. It would, however, be a mistake to draw the inference that competition has been so outflanked that it must yield in bulk to combination. All businesses are not suited to any degree of unified control ; and while in one state of development or of trade conditions an industry may lend itself to monopolisation, in another set of circumstances forces which bring about its disintegration may as surely be generated. Moreover, it might very well be that in a given industry a trust after paying for a generation would cease to pay, owing to the difficulty of detecting and appointing the most capable leaders after the process of natural business survival of the fittest had ceased to operate thoroughly within the industry. Why recently there has been so marked an increase of combinations for securing monopoly, widely extended investi-

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