Power Without Property [antikvár]

Foreward Princeton University complimented me by its invitation to deliver the Stafford Little Lectures there in the spring of 1958. This afforded opportunity to put together certain studies which have occupied me for somé time. They raise the question whether, at least in the field of industrial evolution, the American system must now be examined from the point of view of political science as weil as from that of eeonomics. While I was working at this, several interesting books appeared. One of them, Joseph A. Livingston s The American Stockholder, is referred to later. Another, a study of pension trusts by Dr. Paul Harbrecht, will shortly be brought out by The Twentieth Century Fund. I have seen it in manuscript and, with Dr. Harbrecht's permission, have used somé of its figures. A third, Professor John Kenneth Galbraith's shattering book The Affluent Society, suggested new dimensions of economic thinking while I was revising the text. Mention alsó must be made of Dean Edward S. Masons Economic Concentration and the Monopoly Problem. His point is not that the data as to concentration of power is necessarily wrong, but that At least a part of the present emphasis on concentration arises, in all probability, from the illusion that at somé not too remote period the economy was competitive. Obviously a problem is not disposed of by saying that it always existed but merely was unrecognized. vu