Administered Prices: Hearings Before the United States Senate Committee on the Judiciary, Subcommittee on Antitrust and Monopoly, Eighty-Fifth Congress, First Session, to Eighty-Eighth Congress, First Session, Parts 1-4

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Examines the impact of administered prices in concentrated industries on the cost of living. Also compares market pricing mechanisms of agricultural industries with administered pricing practices of manufacturing industries.
 

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Page 192 - is and as it might be modified, not as it might be if we had a clean sheet of paper to write upon; and step by step we shall make it what it should be, in the spirit of those who question their own wisdom and seek council and knowledge, not shallow self-satisfaction or the
Page 868 - The subcommittee met, pursuant to recess, at 10:15 am, in room 457, Senate Office Building, Senator Estes Kefauver presiding. Present: Senators Kefauver (chairman), O'Mahoney, Wiley, and Dirksen. Also present : Paul Hand Dixon, counsel and staff director ; Dr. John M. Blair, chief economist; Peter Chumbris, counsel for minority;
Page 1 - Administered Prices," the Subcommittee on Antitrust and Monopoly is trying to come to grips with what is probably the Nation's current No. 1 domestic economic problem— the problem of inflation. We are concerned particularly with the extent to which administered prices in concentrated industries may contribute to this problem.
Page 214 - 1957 UNITED STATES SENATE, SUBCOMMITTEE ON ANTITRUST AND MONOPOLY OF THE COMMITTEE ON THE JUDICIARY, Washington, D, C. The subcommittee met, pursuant to recess, at 9:30 am, in room 457, Senate Office Building, Senator
Page 313 - that matches another price is a competitive price. If you don't choose to accept that concept, then, of course, you don't accept it. In the steel industry we know it is so. I mean, what difference does it make who they buy from if the prices are going to be identical to
Page 706 - The subcommittee met, pursuant to recess, at 10:15 am, in room 424, Senate Office Building, Senator Estes Kefauver presiding. Also present : Paul Rand Dixon, counsel and staff director ; Dr. John M. Blair, chief economist; Peter Chumbris, counsel for minority;
Page 125 - Gardiner C. Means) The modern corporation has undermined the preconceptions of classical economic theory as effectively as the quantum undermined classical physics at the beginning of the 20th century. An equally drastic reconstruction of economic theory is due and is, perhaps, now in process. It is my purpose here to present a background for this reconstruction. This
Page 132 - in which the unseen hand of Adam Smith is replaced by the visible hand of business bureaucracy. The reconstituted theory of the firm will also have to take account of corporate politics as well as corporate economics. The modern corporation is more than a legal framework of enterprise. It is an institution for interrelating the
Page 800 - to recess, at 10:10 am, in room 457, Senate Office Building, Senator Estes Kefauver presiding. Also present: Paul Rand Dixon, counsel and staff director; Dr. John M. Blair, chief economist; Peter Chumbris, counsel for minority;