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Monopoly Policy

In: Planning and Market Relations

Author

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  • Roger G. Opie

    (New College)

Abstract

Concern with monopoly and monopolistic practices is long-established, widespread, wholly understandable, but wavering. Indeed, what is perhaps the most famous judgement1 in this field is now very nearly two hundred years old. Many capitalist countries have already introduced or are planning to introduce anti-trust or anti-monopoly legislation at the national and international levels. But the zeal of trust-busters or mono-poly-hunters has sometimes been tempered by economic circumstances — such as the positive encouragement of price stabilisation and cartels in the world-wide slump of the 1930s — or by official policy — such as a faith in the merits of mergers both within and across national frontiers; and sometimes it has been exacerbated by concern with demand or cost inflation. Or (as in the United Kingdom) with a spectacular wave of mergers, or with the political, social and economic consequences of concentration of economic power.

Suggested Citation

  • Roger G. Opie, 1971. "Monopoly Policy," International Economic Association Series, in: Michael Kaser & Richard Portes (ed.), Planning and Market Relations, chapter 11, pages 207-215, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15410-4_18
    DOI: 10.1007/978-1-349-15410-4_18
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