Dr. B. R. Ambedkar's defense of Gold Standard as opposed to Keynes defense of Gold Exchange Standard
George Stigler on Monopolies, Antitrust laws and Competition
George Stigler devoted much of his professional career to examining market competition and the price system. In particular, he had a deep interest in trying to understand how public policy might promote competition and deal with the problem of monopoly. This led him to grapple with antitrust laws, a subject on which his views changed subtly over time. Stigler’s early views were shaped by Henry Simons, his teacher at the University of Chicago in the 1930s, when he was a graduate student. In his 1934 tract A Positive Program for Laissez Faire , Simons passionately argued that government should promote competition through an aggressive antitrust policy. “There must be an outright dismantling of our gigantic corporations, and persistent prosecution of producers who organize, by whatever methods, for price maintenance or output limitation,” Simons insisted. “In short, restraint of trade must be treated as a major crime.” “No doubt my memory exaggerates the influence of th...
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