An historian's occasional, random thoughts on the state of capitalism or on aspects of life in an Upper Midwestern university town. Often stimulated by a morning's read of the newspapers. These are actually notes to myself that replace my ("so last century") clippings files, but you're welcome to listen in.
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Monday, June 26, 2006
Ely on economies of scale and competition
One of my favorite pieces that explores the tensions between economies of scale and competition is a three-part series by political economist Richard T. Ely in the May, June, and July issues of Harper's Monthly Magazine in 1887. His articles were entitled "The Nature and Significance of Corporations," "The Growth of Corporations," and "The Future of Corporations."
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