Antitrust and the Formation of the Postwar World [NOOK Book]

Overview


Today antitrust law shapes the policy of almost every large company, no matter where headquartered. But this wasn't always the case. Before World War II, the laws of most industrial countries tolerated and even encouraged cartels, whereas American statutes banned them. In the wake of World War II, the United States devoted considerable resources to building a liberal economic order, which Washington believed was necessary to preserving not only prosperity but also peace after the war. Antitrust was a cornerstone...
See more details below
Antitrust and the Formation of the Postwar World

Available on NOOK devices and apps  
  • NOOK Devices
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK Study
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$18.49
BN.com price
(Save 43%)$32.99 List Price

Overview


Today antitrust law shapes the policy of almost every large company, no matter where headquartered. But this wasn't always the case. Before World War II, the laws of most industrial countries tolerated and even encouraged cartels, whereas American statutes banned them. In the wake of World War II, the United States devoted considerable resources to building a liberal economic order, which Washington believed was necessary to preserving not only prosperity but also peace after the war. Antitrust was a cornerstone of that policy. This fascinating book shows how the United States sought to impose—and with what results—its antitrust policy on other nations, especially in Europe and Japan.

Wyatt Wells chronicles how the attack on cartels and monopoly abroad affected everything from energy policy and trade negotiations to the occupation of Germany and Japan. He shows how a small group of zealots led by Thurman Arnold, who became head of the Justice Department's Antitrust Division in 1938, targeted cartels and large companies throughout the world: IG Farben of Germany, Mitsui and Mitsubishi of Japan, Imperial Chemical Industries of Britain, Philips of the Netherlands, DuPont and General Electric of the United States, and more. Wells brilliantly shows how subsequently, the architects of the postwar economy—notably Lucius Clay, John McCloy, William Clayton, Jean Monnet, and Ludwig Erhard—uncoupled political ideology from antitrust policy, transforming Arnold's effort into a means to promote business efficiency and encourage competition.
Read More Show Less

Editorial Reviews

Tom Schwartz
Essential reading for those interested in how the United States sought to transform the international economy in its own image.
Donald T. Critchlow
First-rate. . . . Of interest to policymakers, scholars, and business leaders as they enter into the global economy in the twenty-first century.
Library Journal
Wells (history, Auburn Univ.) provides a timely, well-written history that focuses on the people, organizations, and events that in 1938 led a group of zealots in the Antitrust Division of the United States Justice Department to attempt to impose their ideal of antitrust on the rest of the world. The author includes an insightful description of decartelization and deconcentration efforts in Germany and Japan following World War II and explains why they were so successful in Germany but not in Japan. He also explains the root causes of the growth of international cartels between World War I and World War II and why the cartel structure was never as important to businesses in the United States. For antitrust statutes to achieve their primary goals of preserving competition, protecting consumers, and providing incentives for innovation, argues Wells, they must foster an environment that is generally favorable to business. Only by curbing the ideals of more strident antibusiness advisers were moderates like Lucius Clay, Jean Monnet, and Ludwig Erhard able to make antitrust an accepted international principle. Recommended for both academic and public libraries. Norm Hutcherson, California State Univ., Bakersfield Copyright 2001 Cahners Business Information.
American Historical Review
A carefully crafted volume that should be of great interest to students of business and political history.

— Marc Allen Eisner

Choice

A fascinating and well-told political tale spun by a historian who has searched archives and presidential libraries.

Reviews in American History
Wells's rich account provides a deep understanding of how antitrust has quietly shaped much of the postwar political economy.... It is essential reading for specialists in business-government relations and merits attention from all historians who are looking to think about and participate in a broader conversation about politics, economy, and society.
Journal of American History
Wyatt Wells has written an important book that makes a major contribution to out understanding of antitrust and its domestic and international milieu.
Choice
A fascinating and well-told political tale spun by a historian who has searched archives and presidential libraries.
American Historical Review - Marc Allen Eisner
A carefully crafted volume that should be of great interest to students of business and political history.
Read More Show Less

Product Details

  • ISBN-13: 9780231502733
  • Publisher: Columbia University Press
  • Publication date: 8/14/2012
  • Series: Columbia Studies in Contemporary American History
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 240
  • File size: 16 MB
  • Note: This product may take a few minutes to download.

Meet the Author


Wyatt Wells is associate professor of history at Auburn University at Montgomery. He is the author of Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970-1978.

Read More Show Less

Table of Contents

Preface
Introduction 1
1 The Cartel Ideal 4
2 The Context of Antitrust 27
3 Reform versus Mobilization 43
4 Making the World Safe for Competition 90
5 Among Unbelievers: Antitrust in Germany and Japan 137
6 The New Order in Practice: The Cases of Oil and Steel 187
Conclusions 206
Notes 217
Essay on Sources 257
Index 267
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)