njust laws, 113
A defence for the action of labor monopolies, 114
The underlying cause of labor monopolies, 116
Limits to the power of labor monopolies, 118.
IX. MONOPOLIES AND COMPETITION IN OTHER INDUSTRIES 119
Occupations of the people, 119
Proportion of the people in any way benefited by monopolies 120
Proportion deriving the principal profits from monopolies, 122
Monopolies in the professions, 123
Monopolies among the servant classes, 124
Agricultural industry, 125
Can monopolies be established there? 126
A proposed farmers' trust, 127
The Grange and the Farmers' Alliance, 128
Killing the competition of oleomargarine, 129
Monopolies among agricultural laborers, 130
Proportion of the people benefited and proportion injured by
monopolies, 130
Monopolies in the use of capital impossible, 131.
X. THE THEORY OF UNIVERSAL COMPETITION 133
The general effect of monopolies, 133
Two sorts of remedies suggested, 134
Study of the laws of competition necessary, 135
The growth of civilized society outlined, 136
The interdependence of modern society, 137
The theory of civilized industry, 137
Supply and demand and the unequal rewards of men's
industry, 138
The theoretical perfection of our social system, 141
"Competition the life of trade," 142
The orthodox school of political economy, 143.
XI. THE LAWS OF MODERN COMPETITION 145
Competition defined, 145
Competition in corn-raising, 146
In paper-making, 147
In railway traffic, 149
The laws governing competition deduced
|