cartelization

May 7, 2010, 11: 58 am zuch says: wm13: openvolokh, the issues you raise (inelastic supply curves, cartelization, producers with monopoly pricing power) are covered in a standard Econ 101 course.

The Volokh Conspiracy » Ideology and Economic Ignorance

May 7, 2010, 9: 08 am wm13 says: openvolokh, the issues you raise (inelastic supply curves, cartelization, producers with monopoly pricing power) are covered in a standard Econ 101 course.

The Volokh Conspiracy » Ideology and Economic Ignorance

This proposal opens the door to more banker influence and cartelization. joe from Lowell Says:

Matthew Yglesias » The Real Story on Bankster Political Influence

This proposal opens the door to more banker influence and cartelization.

Matthew Yglesias » The Real Story on Bankster Political Influence

The answer, he says, was growth-suppressing policies, such as the Smoot-Hawley tariff, cartelization, unionization and, "most important but hardest to measure, FDR's demonization of business."

The Disappearing Recovery

"The more than 12,000 pages and about 820,000 electronic files that make up the administrative process confirmed the suspicions and revealed the existence of a sophisticated cartelization of the domestic cement and concrete," SDE said.

Holcim Denies Brazil Probe Charges

In fact, the book Reflections on the Great Depression, which interviews many famous economists, finds James Tobin criticizing some New Deal policies (the cartelization policies that Hamilton decries) and Milton Friedman praising some of them (going off the gold standard, which Hamilton praises).

The New Deal and the Great Depression, Arnold Kling | EconLog | Library of Economics and Liberty

I have not read Temin's lecture, but it is my understanding that the Hitler regime was marked by even greater cartelization and concentration than anything done in the US.

American Mugabe?, Bryan Caplan | EconLog | Library of Economics and Liberty

Starting with a series of White House conferences jawboning business leaders into "voluntarily" holding up wage rates, Hoover pressed with mixed results for further cartelization in agriculture, in the cotton textile industry, in commercial aviation, and in the energy industries — coal, oil, and electricity.

Depression Economics, Arnold Kling | EconLog | Library of Economics and Liberty

Examples of interventionist measures by the French government included tough agricultural import restrictions and minimum grain prices, intended to support the nominal incomes of farmers (a political powerful group of debtors); government-supported cartelization of industry, as well as import protection, with the goal of increasing prices and profits; and measures to reduce labor supply, including repatriation of foreign workers and the shortening of workweeks.

Normal Criticism of the New Deal, Bryan Caplan | EconLog | Library of Economics and Liberty