Memorandum on Combines and Trade Organisations

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Excerpt from Memorandum on Combines and Trade Organisations: The Garton Foundation From Competition To Combination. Labels endure long after they have ceased to be descriptions, and the system under which goods are produced, distributed, and bought is still referred to as the Competitive system. For the last half century, and longer, the economic order has been changing its constitution, but the terminology of the mid-nineteenth century remains and obscures the fact that the economic doctrines of that period are not applicable to the conditions of to-day. The Law of Supply and Demand. According to those doctrines, evolved in the course of the Industrial Revolution, supplies, prices, profits and wages could safely be left to adjust themselves. Leave the business world to its own devices, and competition would ensure that all was for the best. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.