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The Bottlenecks of Business The Bottlenecks of Business
By Thurman W. Arnold
2000/12 - Beard Books
1587980851 - Paperback - Reprint -  369 pp.
US$34.95

The Bottlenecks of Business is a shrewd and knowledgeable commentary on our economic system, particularly the commercial and industrial infringements on our liberties--the "bottlenecks" Which tend to obstruct the free flow of goods in our competitive system.

Publisher Comments

Category: Banking & Finance

This title is part of the Smart Management list.

Of Interest:

Cartels: Challenge to a Free World

History of the Sherman Law

The Folklore of Capitalism

This powerful book was written by Thurman W. Arnold in 1940, when he was Attorney General of the United States. Under his astute and vigorous leadership, the Antitrust Division of the Department of Justice prosecuted 230 companies for monopoly practices in violation of the Sherman Antitrust Act. His antitrust purpose was not to destroy the big corporations but to keep them within bounds. The book provides an enlightening analysis of the some of the principal cases of the time.

Dedicated to the men of the Antitrust Division of the Department of Justice, this powerful book was written by Thurman W. Arnold in 1940, when he was Assistant Attorney General of the United States. Under his astute and vigorous leadership, the Division prosecuted 230 companies for monopoly practices in violation of the Sherman Antitrust Act. Mr. Arnold saw the Act as an instrument to clear the restraint of trade. His anti-trust purpose, he said at the time, was not to destroy the big corporations but to keep them within bounds. The book provides an enlightening analysis of some of the principal cases of the time.

In its broader scope, The Bottlenecks of Business is a shrewd and knowledgeable commentary on our economic system, particularly the commercial and industrial infringements on our liberties -- "the bottlenecks" which tend to obstruct the free flow of goods in our competitive system.

Thurman W. Arnold, the New Deal’s chief trust buster and one of Washington’s most eminent lawyers, was born in Laramie, Wyoming in 1891. He entered Princeton at 16, graduating Phi Beta Kappa in 1911 and earning a law degree from Harvard in 1914. He lead a colorful life. He was a homesteader, sheep rancher, Mayor of Laramie and a Yale law professor. He took time out at Yale to serve in Franklin D. Roosevelt’s Administration. In 1943, Mr. Arnold was appointed to the United States Court of Appeals for the District of Columbia. He quit the bench after two years because “I’d rather speak to damn fools than listen to them.” Subsequently, he established the prestigious law firm of Arnold, Fortas and Porter , which was reorganized in 1965. He died in 1969.

Other Beard Books by Thurman W. Arnold

Introduction ix
I. The Basic Problem of Distribution 1
II. How Restraints of Trade Affect Your Standard of Living 20
III. How Restraints of Trade Unbalance the National Budget 46
IV. A Free Market in Time of National Emergency or War 60
V. An Elastic Procedure Backed by Tradition to Prevent the Private Seizure of Industrial Power 91
VI. The Test is Efficiency and Service--not Size 116
VII. Procedure Under the Sherman Act--How it Operates 132
VIII. The Clarification of Law Through Public Enforcement 164
IX. Antitrust Enforcement for the Benefit of the Consumer 191
X. Bottlenecks Between the Farm and the Table 213
XI. Labor--Restraints of Trade Among the Under-Dogs 240
XII. The Rise of a Consumer Movement 260
Appendix I 299
Appendix II 303
Notes 321
Index 325

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