Description

This is a case study in industrial structure, pricing practices, and economic welfare of the steel industry, showing its significance to the South and to the national economy. It concludes with an analysis of the law on basing point pricing and recommendations on public policy. The liberal in economics who favors policies designed to stabilize the economy rather than to stabilize particular industries will find scholarly documentation and vivid justification for his views here.

Originally published in 1954.

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