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When Economics Faces the Economy: John Bates Clark and the 1914 Antitrust Legislation

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  • Luca Fiorito

Abstract

The aim of this paper is to analyze John Bates Clark's influence in the passing of the Clayton and Federal Trade Commission Acts of 1914. It is argued that Clark was important to the passage of these acts in two ways. First, he exercised an indirect influence by discussing in academic journals and books problems concerning trusts, combinations, and the measures necessary to preserve the working of competitive markets. At least as importantly, Clark took an active role in the reform movement, both contributing to draft proposals for the amendment of existing antitrust legislation and providing help and advice during the Congressional debates that led to the passage of the FTC and Clayton Acts.

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  • Luca Fiorito, 2013. "When Economics Faces the Economy: John Bates Clark and the 1914 Antitrust Legislation," Review of Political Economy, Taylor & Francis Journals, vol. 25(1), pages 139-163, January.
  • Handle: RePEc:taf:revpoe:v:25:y:2013:i:1:p:139-163
    DOI: 10.1080/09538259.2013.737129
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    File URL: http://hdl.handle.net/10.1080/09538259.2013.737129
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    Cited by:

    1. Stephen Martin, 2017. "Behavioral Antitrust," Purdue University Economics Working Papers 1297, Purdue University, Department of Economics.

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