This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not
illustrated.1914 Excerpt: ... CHAPTER II FREEDOM FOE FAIE
COMPETITION I In any consideration of industrial problems we are
confronted by the long established condition of free competition,
and the still unquestionable desire for its continued maintenance.
Even in these present days of elimination of competition by
combination, the public policy for free competition is asserted
often as vehemently as ever. For the most of men still believe, and
the most of judges with them, that by the natural processes of free
competition men find their highest development. Of course, there
are opposed to an absolutely free competition in fact the natural
barriers which necessarily accompany an industrial organization. To
such social limitations men may submit themselves, however
unwillingly; but in modern times legal restriction to individual
advancement would not be endured in ordinary businesses. The final
justification of the inevitable losses, which free competition
unfortunately involves, is to be found in this well founded
opinion, that fundamental limitations upon free competition are not
only wholly impractical, but wholly incompatible with individual
liberty. n That this is all a matter of current opinion may be
established by showing that other views were formerly expressed
quite as confidently by the courts of law. In the mediaeval system
as we see it in our earliest law reports, restriction of
competition was the prevalent doctrine. It was conceived that it
was better both for producer and consumer to have a special
position in the economic order assigned to every man. Each man had
a right to his place in the established order according to his
rank, with its corresponding duty. So long as this condition of
affairs gave satisfaction to the most of men, it received the
support of the most of ...
General Books LLC
|Country of origin:
||246 x 189 x 3mm (L x W x T)
||Paperback - Trade
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