Cover: The Control of Competition in Canada, from Harvard University PressCover: The Control of Competition in Canada in E-DITION

The Control of Competition in Canada

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E-DITION

$65.00 • £54.95 • €60.00

ISBN 9780674428836

Publication Date: 01/01/1940

324 pages

World

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Using Canadian experience as a guide, Lloyd Reynolds here discusses certain problems that arise in similar form in all industrial countries. The root of these problems is the domination of many industries by a small number of producers, who endeavor to regulate prices and production in their own interest. Their operations, however, are unlikely to achieve maximum efficiency in the sense of the greatest possible contribution to economic welfare.

The first part of the study appraises the efficiency of Canadian industry by the use of norms developed in recent years by economic theorists. The second part examines Canadian attempts to solve the practical problems of how to deal with industrial efficiency. In other words, the first five chapters describe the techniques used by business groups to control prices and production, and explore some of the economic consequences of this control; the last part is concerned with Canadian legislation bearing on competition. Reynolds has avoided technical language as far as possible and has produced a volume that will be thoroughly useful to students of industrial organization, particularly in the United States.

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Books influence us in untold ways, and the ones that influence us the most are often read in childhood. Harvard University Press Senior Editor Julia Kirby is reminded of this on the anniversary of the birth of one of this country’s most celebrated economists. This month would have brought Thomas Schelling’s one-hundredth birthday—and he got closer to seeing it than many mortals. The Nobel laureate economist died just five years ago, after a brilliant career as both a scholar and an advisor to US foreign policy strategists. What better day to dip into his classic work