I know about Arnold. My point was merely that the trustbusters had a very different analysis of the cause of the Depression than the corporatists. They believed that the large corporations cut production and kept prices high causing the Depression to be as destructive as it was. Who brought up Bork? His views were very different.
Justin Schwartz wrote: > > > >There were two lines in the New Deal. The corporatists were not dominant > >at first -- the Thurman Arnold, trust-busting line, was. The idea was > >that corporate power caused the Depression by keeping prices high and > >curtailing output. > > > > But Judge Arnold was no fan of unmbridged free markets. Have you head his > The Folklore of Capitalism? A wonderful book. As I said, trust-busting isn't > the same idea as the current Stevens-Bork-Posner line that antitrsutis just > about efficiency. > > jks > > _________________________________________________________________ > MSN Photos is the easiest way to share and print your photos: > http://photos.msn.com/support/worldwide.aspx -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
