Walter Adams

The structure of American industry

1. Agriculture, Daniel B. Suits. 2. Petroleum, Stephen Martin. 3. Cigarettes, George A. Hay. 4. Beer, Kenneth G. Elzinga. 5. Automobiles, James W. Brock. 6. Recording, Peter J. Alexander. 7. Commercial Banking, Stephen J. Pilloff. 8. Telecommunications, James McConnaughey. 9. Airlines, William G. Shepherd and James W. Brock. 10. Health Care, John Goddeeris. 11.Public Accounting, Philip G. Cottell. 12.College Sports, Randall W. Bennett and John L. Fizel. 13. Public Policy in a Free Enterprise Economy, James W. Brock. Name Index. Subject Index.

Big Steel, Invention, and Innovation

Introduction: the “Schumpeterian†hypothesis, 167. — I. Oxygen steelmaking: the history of its invention and innovation, 169. — II. Some cost and profit implications of innovative lethargy, 184. — III. Conclusion, 188.

Competition, Monopoly and Countervailing Power

I. Introduction, 469. — II. Top-level financial control and vertical integration, 472. — III. Bilateral monopoly and countervailing power, 475. — IV. Technological and inter-industry competition, 477. — V. The role of government, 480. — VI. Size, technology, and efficiency, 487. — VII. Conclusion, 491.

Big Steel, Invention, and Innovation: Reply

I. The invention, 475. — II. The innovation: domestic lag, 475. — III. The innovation: international lag, 476. — IV. Explanation of the lag, 478. — V. Conclusion, 481.

Revitalizing a Structural Antitrust Policy

The outstanding truths of life, the great and unquestioned phenomena of society, are not to be argued away as myths and vagaries when they do not fit within our little molds. If necessary, we must remake the molds. We must seek a conception of law which realism can accept as true.

Economic Theory: Rhetoric, Reality, Rationalization

“C’est regrettable,” the French economist Sismondi wrote in 1827, “that we see political economy in England every day adopting a more senten-tious language, enveloped in calculations increasingly difficult to follow, losing itself in abstractions and becoming, in every way, an occult science, above all in an epoch when the sufferings of humanity demand that this science should talk a popular language, that it should accord to the needs of all, that it should come nearer to the common understanding and that it should apply itself to realities.” In this predicament, he warned, “humanity should be on guard against all generalization of ideas that causes us to lose sight of the facts…. There is perhaps no manner of reasoning that exposes itself to more errors than that which consists of constructing a hypothetical world entirely different from the real world, for the purpose of applying one’s calculations” (1827, pp. 3–4).

Reflections on Our Collaboration in Industry Studies

Adams and Brock credit their success to “congruence of values … cemented by personal compatibility and congeniality.” They stay away from large projects and abstract theories. On regulatory matters, they look at functional aspects of firms, industries, and markets. They source problems involving power to the domain of political economy. They emphasize values over value-free methodology. Adams and Brock share a taste for the absurd and adore the Socratic dialog approach in teaching.

LIST OF EXHIBITS

2. BUILD ALTERNATIVES .................................................................... 3 3. METHODOLOGY ............................................................................... 7 3.1 DATABASE SEARCH .......................................................................................... 7 3.2 PAST LAND USE RESEARCH ............................................................................ 8 3.3 FIELD SURVEY.................................................................................................... 8

Bigger Isn't Always Better: Challenging Corporate Giantism@@@The Bigness Complex: Industry, Labor, and Government in the American Economy.@@@Monopoly Mail: Privatizing the United States Postal Service.@@@Creating Capitalism: The State and Small Business Since 1945.

Part I Forms of Capitalism and the State: The Italian Case, 1945-1975 The Problem - Its Contours and Explanations The Petite Bourgeoisie on Trial Patterns of State Support I - Bountiful but Bounded Patterns of State Support II - Beyond Employment The Social Project The Internal Challenge. Part II The Creative State in Retrospect and Prospect Giantism and Geopolitics Re-creating Micro Capitalism. Appendices.