The Problem of Monopoly: A Study of a Grave Danger and of the Natural Mode of Averting It (1904)

The Problem of Monopoly is a book written by John Bates Clark in 1904. The book explores the grave danger posed by monopolies and the natural mode of averting it. Clark, an American economist, argues that monopolies are a threat to the free market and can lead to higher prices, reduced quality of goods and services, and decreased innovation. The book provides a detailed analysis of the history of monopolies, their impact on the economy, and the various strategies that can be employed to prevent them. Clark suggests that the most effective way to prevent monopolies is through government regulation and antitrust laws. He also proposes the use of competition as a means of preventing monopolies, arguing that competition can drive down prices and encourage innovation.The Problem of Monopoly is an important work in the field of economics and has had a significant impact on the development of antitrust laws and regulations. It remains a relevant and insightful read for anyone interested in understanding the dangers of monopolies and the importance of maintaining a competitive market.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.