John Bates Clark Quotes
The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check.
Clark, John Bates. The Control of Trusts: An Argument in Favor of Curbing the Power of Monopoly by a Natural Method. The Macmillan Company, 1901.
Brandeis was U. S. Supreme Court Justice Louis D. Brandeis, 1856-1941, who wrote that competition would control prices if only healthy competition could be maintained—the problem was resolved by both increasing competition and much more stringent regulation of corporations.
She was then the European Commissioner for Competition.
Railroads and other large markets shared dominated by a few large corporations.
One irony that some critics of Murdoch’s enterprises make is that despite his personal views about monopoly his businesses try to attain and maintain monopoly status whenever it can.
This is an interesting quotation because it shows that utilities and monopolies using their power and money to avoid effective pro consumer regulation is nothing new and was ongoing as soon as there were government granted monopolies that were supposed to be regulated.
She was then the European Commissioner for Competition
John Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University.
