Beyond the Flyleaf Cartels or Competition? The Economics of International Controls by Business and Government. GEORGE W. STOCKING and MYRON W. WATKINS. xiv -f* 516
pages. Twentieth Century Fund, New York 18, N. Y., 1948. S4.0G. GAKTELS OR COMPETITION?" by George
W. Stocking and Myron W. Watkins is the second volume in a series of three reports growing out of a survey by the Twentieth Century Fund on the timely subject of monopolies, both international and domestic. The first volume, "Cartels in Action," published in 1946 is a "case book" which reviews nitrogen and chemical industries at considerable extent. The present volume, v. tremely well written and showing improvement in style and context over the issue of 1946, 23 designed to discuss the issue as to "whether centrally pianned and directed programs for the production and distribution of goods provide a more promising method of effecting economic adjustments and promoting economic stability than that of
More than ever before, the need is for a public economic policy based on principle. An effective policy must be consistent in all its parts, consistent in its appearance and in its reality, consistent in application to domestic trade among nations.
competition in free markets." Another question is whether the two n 3thods are mutually exclusive. There are 12 chapters, including "The Decline of Competition," "Growth of the Cartel Movement," and "Forms and Scope of the Cartel Movement," this historical material being well presented; the thesis closes with "A Cartel Policy for the United States," which includes the report of the committee on cartels and monopoly appointed by the trustees of the Twentieth Century Fund. The policy pronouncements are worth while in their objective treatment. As is stated, "The United States presents two faces to the world: a policy aimed at curbing cartel practices and an economy with important mon holistic elements." Thus, it is sound philosophy for the writers to observe that "to lack a cartel policy would be to ignore part of what we profess to recognize." That there has been whimsy and the exercise of expediency is evidently recognized by the concluding words of the volume:
MONOCHLORNAPHTHALENE and DlCHLORNAPHTHALENE
Now Available for Development Work! Some of t h e suggested applications a r e : Insecticides * Plasticizers • Solvents • Additives f o r rubber (adhesive) • Oxidation to chiorphthaiic anhydride • Preparation o f dye structures • Sulfonation f o r surfaceactive compounds • Pharmaceutical intermediates
Monochlor— Composition: Not less than 96% Monochlor, predominantly alpha. Max. of 4% Dichlor. Less than 1% Naphthalene.
Dichlor— Not less than 96% Dichlor (isomeric mixture of 1,4; 1,5; 8c 1,2). Max. of 3% Trichlor. Max. of 3% Monochlor.
Distillation Range: (ASTM, D 86-40) Init. Boiling Pt.—250 deg. C , Min. % Vol. @ 255 deg. C - 5 % Max. % Vol. @ 265 deg. C - 9 5 % Min. % Vol. @ 275 deg. C - 9 8 % Min.
Init. Boiling Pt.-275 deg. G, Min. % Vol. @ 287 deg. C - 4 % Max. % Vol.
