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Corwin D. Edwards
Corwin D. Edwards (born 1 November 1901 in Nevada, Missouri; died 21 April 1979 in Dallas) was an American economist. Academic career Edwards studied economics and graduated from the University of Missouri. He then went on a Rhodes scholarship to Oxford University in England and earned his doctorate in 1928 in economics from Cornell University in Ithaca, New York, with a dissertation on a trade union topic. He began his academic career by teaching at New York University. After two decades (from 1933) as a civil servant, he began again in 1953 with academic teaching. He spent one year at Cambridge University in England and another at the University of Virginia. Between 1955 and 1963, Edwards was a professor of business and government at the University of Chicago, and from 1963 to 1971 professor of economics at the University of Oregon. Activity as author Edwards published until 1979 a variety of articles and monographs. He was widely interested and followed the politica ...
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University Of Missouri
The University of Missouri (Mizzou, MU, or Missouri) is a public university, public Land-grant university, land-grant research university in Columbia, Missouri. It is Missouri's largest university and the flagship of the four-campus University of Missouri System. MU was founded in 1839 and was the first public university west of the Mississippi River. It has been a member of the Association of American Universities since 1908 and is classified among "R1: Doctoral Universities – Very high research activity". To date, the University of Missouri alumni, faculty, and staff include 18 Rhodes Scholars, 19 Truman Scholars, 141 Fulbright Scholars, 7 Governors of Missouri, and 6 members of the U.S. Congress. Enrolling 31,401 students in 2021, it offers more than 300 degree programs in thirteen major academic divisions. Its well-known Missouri School of Journalism was founded by Walter Williams (journalist), Walter Williams in 1908 as the world's first journalism school; It publishes ...
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Market Concentration
In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market. In any industry, a handful of firms that hold a significant portion of the market share and likely engage in the practice of consolidation will indicate higher market concentration within that industry. The market concentration ratio measures the concentration of the top firms in the market, this can be through various metrics such as sales, employment numbers, active users or other relevant indicators. In theory and in practice, market concentration is closely associated with market competitiveness, and therefore is important to various antitrust agencies when considering proposed mergers and other regulatory issues. Market concentration is important in determining firm market power in setting prices and quantities. Market concentration is affected through various forces, including barriers ...
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Thorstein Veblen
Thorstein Bunde Veblen (July 30, 1857 – August 3, 1929) was a Norwegian-American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism. In his best-known book, ''The Theory of the Leisure Class'' (1899), Veblen coined the concepts of ''conspicuous consumption'' and ''conspicuous leisure''. Historians of economics regard Veblen as the founding father of the institutional economics school. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy. As a leading intellectual of the Progressive Era in the US, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced economists who engaged in non-Marxist critiques of fascism, capitalism, and of technological determinism. Biography Early life and family background Veblen was born on July 30, 1857, in Cato, Wisconsin, to Norwegian-American immigrant parents, Thomas V ...
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Franklin D
Franklin may refer to: People * Franklin (given name) * Franklin (surname) * Franklin (class), a member of a historical English social class Places Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, an unincorporated community in the Rural Municipality of Rosedale, Manitoba * Franklin Glacier Complex, a volcano in southwestern British Columbia * Franklin Range, a mountain range on Vancouver Island, British Columbia * Franklin River (Vancouver Island), British Columbia * Franklin Strai ...
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Thurman Arnold
Thurman Wesley Arnold (June 2, 1891 – November 7, 1969) was an American lawyer best known for his trust-busting campaign as Assistant Attorney General in charge of the Antitrust Division in President Franklin D. Roosevelt's Department of Justice from 1938 to 1943. He later served as a Judge on the United States Court of Appeals for the District of Columbia. Before coming to Washington in 1938, Arnold was the mayor of Laramie, Wyoming, and then a professor at Yale Law School, where he took part in the legal realism movement, and published two books: ''The Symbols of Government'' (1935) and ''The Folklore of Capitalism'' (1937). A few years later, he published ''The Bottlenecks of Business'' (1940). Early life and education Thurman was born in the frontier ranch town of Laramie, Wyoming, which grew to be a small city and location of the University of Wyoming. He was the son of Annie (Brockway) and Constantine Peter Arnold. He began his university studies at Wabash College, but t ...
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Imperialist
Imperialism is the state policy, practice, or advocacy of extending power and dominion, especially by direct territorial acquisition or by gaining political and economic control of other areas, often through employing hard power (economic and military power), but also soft power (cultural and diplomatic power). While related to the concepts of colonialism and empire, imperialism is a distinct concept that can apply to other forms of expansion and many forms of government. Etymology and usage The word ''imperialism'' originated from the Latin word ''imperium'', which means supreme power, "sovereignty", or simply "rule". It first became common in the current sense in Great Britain during the 1870s, when it was used with a negative connotation. Hannah Arendt and Joseph Schumpeter defined imperialism as expansion for the sake of expansion. Previously, the term had been used to describe what was perceived as Napoleon III's attempts at obtaining political support through fore ...
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Progressivism
Progressivism holds that it is possible to improve human societies through political action. As a political movement, progressivism seeks to advance the human condition through social reform based on purported advancements in science, technology, economic development, and social organization. Adherents hold that progressivism has universal application and endeavor to spread this idea to human societies everywhere. Progressivism arose during the Age of Enlightenment out of the belief that civility in Europe was improving due to the application of new empirical knowledge to the governance of society.Harold Mah''Enlightenment Phantasies: Cultural Identity in France and Germany, 1750–1914'' Cornell University. (2003). p. 157. In modern political discourse, progressivism gets often associated with social liberalism, a left-leaning type of liberalism, in contrast to the right-leaning neoliberalism, combining support for a mixed economy with cultural liberalism. In the 21st ...
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Wendell Berge
Wendell Berge (1903 – September 25, 1955) was an American business lawyer. He served as head of the Antitrust Division of the Department of Justice from 1943 to 1947. Early life Berge was born to George W. and Cora Ott Berge in Lincoln, Nebraska. The Berge family was close to the Democratic Party. Berge studied law at the University of Nebraska and graduated with a Bachelor of Laws in 1925. He continued his studies at the University of Michigan, obtaining two juridical doctorate degrees in 1930. Career After a brief tenure as a lawyer in New York City, Berge went to Washington, D.C. in 1930 at the invitation of John Lord O'Brian, a prominent antitrust lawyer and head of the Antitrust Division of the Department of Justice. There he worked as a special assistant to the US attorney general before becoming Chief Assistant to the new division head, Thurman Arnold, in 1938. In 1941, Berge was appointed Assistant Attorney General for the Criminal Investigation Division of the Dep ...
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Charles Welsh
Charles is a masculine given name predominantly found in English and French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was '' Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinized as ''Karolus'' (as in '' Vita Karoli Magni''), later also as '' Carolus''. Some Germanic languages, for example Dutch and German, have retained the word in two separate senses. In the particular case of Dutch, ''Karel'' refers to the given name, whereas the noun ''kerel'' means "a bloke, fellow, man". Etymology The name's etymology is a Common Germanic noun ''*karilaz'' meaning "free man", which survives in English as churl (< Old English ''ċeorl''), which developed it ...
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Joseph Borkin
Joseph Borkin (12 November 1911 – 5 July 1979) was an American economic lawyer and book author. Life and career Born in New York City, Borkin studied economics at New York University (B.A. and M.A.) and law at National University School of Law in Washington, D.C. Initially, Borkin worked for the US Congress and for a committee of investigations of the US Senate on allegations of corruption against the munitions industry. In 1938, he entered the service of the Department of Justice, Antitrust Division as a Special Assistant to the Assistant Attorney General Thurman Arnold. Early 1943, he published together with Charles Welsh a populist pamphlet against German and international cartels: ''Germanys Master Plan : The Story of Industrial Offensive.'' This book combined a middle-class typical aversion against big business with a highly patriotic orientation. The work became a bestseller, was sold in unchanged editions (including a Chinese translation) up to 1946, and even f ...
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Consumerism
Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the supply of goods would grow beyond consumer demand, and so manufacturers turned to planned obsolescence and advertising to manipulate consumer spending. In 1899, a book on consumerism published by Thorstein Veblen, called ''The Theory of the Leisure Class'', examined the widespread values and economic institutions emerging along with the widespread "leisure time" at the beginning of the 20th century. In it, Veblen "views the activities and spending habits of this leisure class in terms of conspicuous and vicarious consumption and waste. Both relate to the display of status and not to functionality or usefulness." In economics, consumerism may refer to economic policies that emphasise consumption. In an abstract sense, it is the consideration th ...
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Patents
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A patent is not the grant of a right to make or use or sell. It does not, directly or indirectly, imply any such right. It grants only the right to exclude others. The supposition that a right to make is created by the patent grant is obviously inconsistent with the established distinctions between generic and specific patents, and with the well-known fact that a very considerable portion of the patents granted are in a field covered by a former relatively generic or basic patent, are tributary to such earlier patent, and cannot be practiced unless by license thereunder." – ''Herman v. Youngstown Car Mfg. Co.'', 191 F. 579, 584–85, 112 CCA 185 (6th Cir. 1911) In most countries, patent rights fall under private law and the patent holder mus ...
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