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May 18, 1940

Government and Economic Life: Development and Current Issues of American Public Policy. Volume I

JAMA. 1940;114(20):2054. doi:10.1001/jama.1940.02810200082033

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This is one of the best contributions of the Brookings Institution. It provides an analysis of our economic life and its relation to the framework of our government. It then discusses relationships of government to private enterprise from the point of view of implementation and regulation. Chapters of especial interest at this time are, of course, those dealing with attempts to regulate monopoly and control competition. The volume provides vast numbers of references to the decisions of the courts with regard to attempts to adjust disputes between labor and industry and between various labor organizations and various industries. Somehow the philosophic consideration seems to fall short, however, in recognizing adequately the dual function of organizations of trades and industries for raising standards and benefiting the public, as well as the possibility that they may interfere with unlimited competition. Especially interesting also, in the light of modern activities, are those chapters

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