Abram L. Harris (1961): Countervailing Power, Monopoly, and Public Polic: "Combine theoretical analysis in a survey of the ideas of some leading economists who have dealt with the problem of market imperfections and monopoly along with discussions of the early trust movement.... A technical mastery of theoretical economics is not a prerequisite. One main purpose of the course is to stimulate undergraduate interest in theoretical economics, the history of economic ideas, and the relation of these ideas to current economic policy issues. The course should be open to beginning majors in economics, students who are undecided about a major in the social sciences, and to those who are just curious.... The Concept of “Countervailing Power”: Old wine in new bottles? Chamberlain... Adam Smith, John Stuart Mill, and Alfred Marshall.... John Bates Clarke and his student, Thorstein Veblen.... The Standard Oil and U. S. Steel cases and federal anti-trust legislation. Recent anti-trust cases: administrative interpretation and application of federal legislation. Marx’s thesis concerning industrial concentration.... The extent and measurement of industrial concentration.... A term essay will be required of all students who take the course for credit. The essay may take the form of a review, e.g., Berle’s Twentieth Century Capitalist Revolution, Mason’s The Corporation in Modern Society, Chamberlain’s Labor Union Monopoly or may deal with some topic... selected by the student in consultation.... P.S. The content of the course may appear be heavy and, probably, cannot be entirely covered in a single quarter. The layout will have, no doubt, to be tailored as we proceed to give the course for the first time...
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