The Problem Of Monopoly

The Problem of Monopoly: A Study of a Grave Danger and of the Natural Mode of Averting It is a book written by John Bates Clark and published in 1904. The book focuses on the issue of monopoly and its potential negative effects on society. Clark argues that monopolies can be a serious threat to the economy and to the welfare of the general public, as they can lead to higher prices, reduced competition, and decreased innovation. The book explores various types of monopolies, including natural monopolies, which arise due to the high fixed costs of certain industries, and artificial monopolies, which are created through government intervention or other means. Clark also discusses the ways in which monopolies can be prevented or mitigated, such as through antitrust laws, regulation, or the promotion of competition.Overall, The Problem of Monopoly is a comprehensive and thought-provoking analysis of a significant economic issue that remains relevant today. It provides insights into the nature of monopolies and their potential impact on society, as well as potential solutions to the problem.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.