Stanford Economics & Finance

Name: Stanford Economics & Finance
Brand: STANFORD ECONOMICS & FINANCE
Price: 69.75 AUD

Industry, Labor, and Government in the American Economy, Second Edition

By: Walter Adams, James W. Brock

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Paperback | 1 January 1986 | Edition Number 2

At a Glance

Paperback
400 Pages

Edition Type
Revised

Dimensions(cm)
22.9 x 15.2

Paperback

$69.75

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The Bigness Complex confronts head-on the myth that organizational giantism leads to economic efficiency and well-being in the modern age. On the contrary, it demonstrates how bigness undermines our economic productivity and progress, endangers our democratic freedoms, and exacerbates our economic problems and challenges.

This new edition has a thoroughly updated variety of issues, examples, and new developments, including government bailouts of the airline industry; regulation of biotechnology; the fiasco of recent electricity deregulation; and mergers and consolidations in oil, radio, and grocery retailing. The analysis is framed in the timeless context of American distrust of concentrations of power. The authors show how both the left and the right fail to address the central problem of power in formulating their diagnoses and recommendations. The book concludes with an alternative public philosophy as a viable guidepost for public policy toward business in a free-enterprise democracy.

Industry Reviews

"Adams and Brock demolish the view that equates size and efficiency and expose how special interests distort public policy for the purpose of corporate welfare." - Douglas Irwin, Professor of Economics, Dartmouth College "Economics can't properly be separated from politics, because economic power translates directly into political power. At a time in our nation's history when wealth is more concentrated than at any time since the Gilded Age, The Bigness Complex is enormously helpful for understanding what's wrong and what's needed to put it right. Anyone who cares about the future of American capitalism and democracy should read this book and take to heart its message." - Robert B. Reich, Former U.S. Secretary of Labor, Hexter Professor of Social and Economic Policy, Brandeis University "This book brings the full, dramatic weight of mainstream economic research against the excesses and follies - and the dangers - of businesses that are simply too big. As Adams and Brock show, corporate obesity has cut efficiency, reduced innovation, and eroded the fairness of American society." - William G. Shepherd, Professor Emeritus of Economics, University of Massachusetts

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You Can Find This Book In

Non-Fiction Economics Economic Systems & Structures Labour Economics Industry & Industrial Studies Business & Management Ownership & Organisation of Enterprises Politics & Government Political Structure & Processes Constitution & The Government & The State

List of Tables and Charts	p. ix
Preface	p. xi
The Problem of Power	p. 1
Power and Public Policy	p. 3
Economists and Power	p. 11
The Apologetics of Power	p. 23
Operating Efficiency	p. 29
Innovation Efficiency	p. 46
Social Efficiency	p. 63
The Political Economy of Power: A Historical Perspective	p. 77
The Revolution of 1776: American Government	p. 79
The Revolution of 1776: British Economic Policy	p. 88
Competition and the Control of Power	p. 95
The Role of Antitrust	p. 97
Cartels	p. 105
Monopoly	p. 123
The Merger Problem	p. 144
Horizontal Mergers and Joint Ventures	p. 153
Vertical Mergers	p. 164
Conglomerate Mergers	p. 174
The Limitations of Antitrust	p. 184
Government Intervention and Private Power	p. 201
The Regulation of Power	p. 203
Airlines: Regulation and Deregulation	p. 209
The Limits of Deregulation	p. 222
The Protection of Power	p. 237
The Bailout of Power	p. 253
The Coalescence of Power	p. 269
The Labor-Industrial Complex	p. 272
The "Sports-Industrial" Complex	p. 284
Public Policy Alternatives	p. 299
The Neo-Darwinist Vision	p. 301
The Neoliberal Vision	p. 308
A Public Philosophy	p. 316
Notes	p. 327
Index	p. 379
Table of Contents provided by Rittenhouse. All Rights Reserved.

Stanford Economics & Finance

Industry, Labor, and Government in the American Economy, Second Edition

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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