When Economics Faces the Economy: John Bates Clark and the 1914 Antitrust Legislation

Luca Fiorito

Working Paper Series, Department of Economics, University of Utah from University of Utah, Department of Economics

Abstract: The aim of this paper is to analyze John Bates Clarks influence in the passing of the Clayton and Federal Trade Commission Acts (1914). Specifically, it is argued and documented that Clark was important in this process in two ways. First, he exercised an indirect influence by discussing in academic journals and books problems concerning trusts, combinations, and the necessary measures to preserve the working of competitive markets. At least as importantly, if not more so, Clark took an active role in the reform movement both contributing to draft proposals for the amendment of existing antitrust legislation and providing help and advice during the Congressional debates which led to the passing of the FTC and Clayton Acts.

Keywords: B15; B31 JEL Classification: (search for similar items in EconPapers)
Pages: 39 pages
Date: 2012
New Economics Papers: this item is included in nep-his, nep-hpe, nep-ind and nep-pke
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:uta:papers:2012_01

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