At the turn of the twentieth century American politics underwent a profound change, as both regulatory minimalism and statist command were rejected in favor of positive government engaged in both regulatory and distributive roles. Through a fresh examination of the judicial, legislative, and political aspects of the antitrust debates in the years from 1890-1916, Martin Sklar shows that the arguments did not arise simply because of competition versus combination, but because of the larger question of the proper relations between government and the market and between state and society.
'For many years historians of corporate America - myself among them - have benefitted from Martin J. Sklar's patient, prodigious, and path-breaking, but largely unpublished, studies. At long last, Professor Sklar has brought these studies together to provide an unparalleled account of the historic transformation that, more than any other, shaped the scoeity in which we still live. In the remarkable range and depth of his analysis, Sklar quietly displays the qualities that place him among the major historians of our era.' David F. Noble, Professor of History, Drexel University 'This is a first-rate scholarly contribution, daring in its conception and persuasive in its execution.' Robert M. Collins, University of Missouri