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Neither Markets nor Administration: Brandeis and the Antitrust Reforms of 1914

Published online by Cambridge University Press:  16 December 2008

Gerald Berk
Affiliation:
University of Oregon

Extract

The election of 1912 retains its hold on the imagination of students of American political development. Long interpreted as a conflict between tradition and modernity, Martin Sklar has recently argued that the old order had passed by 1912. In law and economy, competitive-proprietary capitalism had been eclipsed by administration. The political conflict was now over who would administer prices and investment, the corporation of the state?

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Articles
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Copyright © Cambridge University Press 1994

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References

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29. Clapp Committee, 1158–59, 1206, 1209–10. Additional evidence of Brandeis's under standing of scale economies in continuous process technologies in steel can be found in Testimony before the House Committee on Investigation of United States Steel Corporation, 62nd Cong, 2d Sess., No. 40., 2837–39, where he argues that since critical parts of the smelting and hot rolling process necessitated twenty-four hour operation, the working day should be shortened to eight, not ten, hours.

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79. Ibid.

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95. Clapp Committee, 1208.

96. Regulation of Prices, 225.

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