By Arnold A. Heggestad
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From telecommunications to steel, companies are turning away from bigness to find efficiency"13 (see fig. 2). Industrial Giantism Is Not a Prerequisite for Technological Progress Industrial giantism is not the Prometheus of our high-tech civilization. It is neither a prerequisite for technological progress nor a felicitous instrument for promoting innovation efficiency. It is not the beneficent institution portrayed by corporate propagandists and their academic handmaidens. This conclusion is based on more than anecdotal and episodic evidence.
7 This was the mid-eighteenth-century legal environment. 8 He urged elimination of feudal and guild privileges, trade barriers, and corporate charters of monopoly. This English common law and ideology were transplanted literally through the saddlebags of early American lawyers and publicists to a rapidly growing, frontier Republic, a hospitable home for liberal legal institutions and economic doctrines. S. litigation drew directly upon the common law precedents against restraint of trade, forestalling, etc.
Cm. Industry and stateUnited States. A. Lanzillotti in recognition of his service as Dean of the College of Business Administration of the University of Florida from 1969 to 1986. Page vii CONTENTS Contributors ix Introduction xi I. Current Antitrust Enforcement 1. Mr. Reagan and Antitrust Walter Adams and James W. Brock 3 2. Antitrust in the Current Economic Environment William A. Lovett 17 3. The New Attack on Antitrust Willard F. Mueller 53 II. Antitrust Economics 4. Vertical Integration of a Monopolist: Paschall v.
Public policy toward corporations by Arnold A. Heggestad