The Public Interest

The two faces of economic concentration

M. A. Adelman

Fall 1970

Last year, in a widely publicized speech, Attorney General John N. Mitchell professed alarm over the rapidly increasing concentration of American industry. In a less publicized article, Professor Pashigian of the University of Chicago suggested various methods of explaining the familiar fact that industrial concentration had been so stable for so long. Oddly enough, the Attorney General and the professor were not really contradicting each other; they were not referring to the same thing.

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