By Helen Mercer
Enterprise humans have constantly had a powerful inclination to prevent pageant and keep an eye on the marketplace. In developing a aggressive Order, Helen Mercer provides a brand new interpretation of the evolution of British pageant laws from 1900 to 1964. She makes use of archival assets to offer a close research of government-industry kinfolk and exhibits how festival rules were formed via the innovations of strong company pursuits. through the e-book, she bargains tips that could the most likely end result of commercial rules in Britain within the future
advent -- The British cartel approach, 1880-1964 -- The nation and the 'monopoly problem', 1880-1939 -- The battle and the White Paper, 1940-44 -- The origins of the Monopolies and Restrictive Practices Act, 1948 -- Interpretation of coverage: the Monopolies and Restrictive Practices fee, 1949-56 -- The origins of the Restrictive alternate Practices Act 1956: a re-interpretation -- Resale rate upkeep -- Conclusions -- Appendixes
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Additional info for Constructing a competitive order : the hidden history of British antitrust policies
At an early stage they stressed three key points: 'combination' in various forms was here to stay; the development carried with it efficiencies, which could improve workers' lives and secure Britain against foreign competition, but also great economic, social and political dangers; the state should intervene therefore, but its major dilemma was 'how to secure the benefits of combination without its disadvantages'. 18 This phrase was reiterated constantly in government in the major discussions on monopoly policy during the Second World War and this strand of economic and political thought needs more attention as an influence on the evolution of British antitrust policy up to 1948: neoclassical economists were not the only influence as recent analyses tend to imply.
The extent ofRPM, 1900-64 Year Consumer expenditure on price-maintained goods (%) 1900 1938 1938 1954 1956 1960 1964 1964 1964 3 30 32 55 44 33 38 40 36 Consumer expenditure on pricemaintained goods and services 34 25 (23) 32 28 Source A B C D A E, A F G,A A Sources: A J. Pickering Resale Price Maintenance in Practice (1966) pp. 44, 45, 47, 48, 160. B National Institute of Economic and Social Research, cited in BT64/455 RPM(E)7. Memorandum to the Lloyd Jacob committee by NIESR. xx. B. Jefferys Distribution of Consumer Goods (1950) p.
258. G The Economist 29/2/1964 and Pickering Resale Price Maintainance p. 160. S. A. Friday Fair Trade. Resale Price Maintenance Re-examined (1960) p. 8. 44 But international cartels exacerbated the trend. Areas such as Latin America would be left free for competition, although there might be local agreements governing inter-firm relationships there. A second indication of the close links between concentration and cartelisation was the rapid development of resale price maintenance (RPM). RPM involvesfixingthe price at which retailers may sell and was enforced through such devices as loyalty rebates or the withholding of supplies from price-cutters through stop lists.