R mentions John Bates Clark theory. Actually, Clark had two opposing theories. For policy makers, he taught that trust, cartels and monopolies were necessary to contain destructive competition. For workers, competition resulted in just outcomes.
I go into more details in The Invisible Handcuffs & Railroading Economics. ^^^^ CB: For those referring to R, ever think one might have a security reason for a pseudonym ? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
