Excerpt from Mopolies, Trusts and Kartells This is book - or rather the first part of it; for the second part is entirely new - has grown up put of an unpublished essay which (in the absence, I fear, of strong competition) gained a prize Oxford in 1899. The essay was an attempt to answer the question: To what extent has the principle of mopoly encroached upon that of competition in the civilised states of the world in recent years, and with what consequences to the wealth and welfare of nations? In the interval the world has been convulsed by the sudden appearance and rapid collapse of many gigantic trusts and corners. Several important books have also been published upon this subject by well-informed and competent writers, among whom I should especially mention Messrs. Raffalovich, Von Halle, Ely, Grunzell, Jenks, Macrosty, and Moody. If my own point of view is independent and my treatment of the subject very different from that followed by some of these writers, my obligations to them are ne the less real and my respect for their work is ne the less sincere. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art techlogy to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.