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Economic Implications

Published online by Cambridge University Press:  03 February 2011

Ben W. Lewis
Ben W. Lewis
Affiliation:
Oberlin College
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Extract

The policies of the Standard Oil Company (New Jersey) are headline news. The fact that Standard's policies are not spoken of as “public” policies is little more than an accident of terminology; certainly they are public in their sweep and import, and certainly in their impact upon the public mind. The policies and actions of Standard (New Jersey) are not alone in these respects. Standard is a giant corporation; there are other giant corporations and there are more in the making.

Type
Development of Large-Scale Organization
Information
The Journal of Economic History , Volume 12 , Issue 4 , Fall 1952 , pp. 425 - 437
Copyright
Copyright © The Economic History Association 1952

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References

1 See Galbraith, G. K., American Capitalism: The Concept of Countervailing Power (Boston: Houghton Mifflin and Company, 1952)Google Scholar.