Free Enterprise in Action

  • - A Political Economist (anon.)
Keywords: Political Economy

Abstract

In 1952, the Federal Trade Commission published a report entitled The International Petroleum Cartel. This cartel consists of eight giant concerns, five American, two British, and one French. The Federal Trade Commission devoted one chapter of its report to the cartel's price policy. Its main conclusion was:
Published
1955-05-01
Section
Articles