DOMESTIC AFFAIRS STUDIES INDUSTRIAL CONCENTRATION AND INFLATION Steven Lustgarten with a foreword by Yale Brozen а THE AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH, established in 1943, is a publicly supported, nonpartisan research and educational organization. Its purpose is to assist policy makers, scholars, businessmen, the press and the public by providing objective analysis of national and international issues. Views expressed in the institute's publications are those of the authors and do not necessarily reflect the views of the staff, advisory panels, officers or trustees of AEI. Institute publications take three major forms: 1. Legislative Analyses-balanced analyses of current proposals before the Congress, prepared with the help of specialists from the academic world and the fields of law and government. 2. Studies-in-depth studies and monographs about government programs and major national and international problems, written by independent scholars. 3. Rational Debates, Meetings and Symposia-proceedings of debates, discussions and conferences where eminent authorities with contrasting views discuss controversial issues. ADVISORY BOARD Paul W. McCracken, Chairman, Edmund Ezra Day University Professor of Business Administration, University of Michigan R. H. Coase, Professor of Economics, University of Chicago Milton Friedman, Paul S. Russell Distinguished Service Professor of Economics, University of Chicago Gottfried Haberler, Resident Scholar, American Enterprise Institute for Public Policy Research C. Lowell Harriss, Professor of Economics, Columbia University George Lenczowski, Professor of Political Science, University of California, Berkeley Robert A. Nisbet, Albert Schweitzer Professor of the Humanities, Columbia University James A. Robinson, President, University of West Florida EXECUTIVE COMMITTEE Herman J. Schmidt, Chairman of the Board William G. McClintock, Treasurer SENIOR STAFF Anne Brunsdale, Director of Publications Joseph G. Butts, Director of Legislative Robert B. Helms, Director of Health Thomas F. Johnson, Director of Research Gary L. Jones, Assistant to the President for Administration Richard M. Lee, Director of Planning and Development Richard J. Farrell Dean P. Fite Richard B. Madden Edward J. Mitchell, Director, National W. S. Moore, Director of Legal Policy Robert J. Pranger, Director of Foreign Louis M. Thompson, Jr., Assistant to the President for Communciation INDUSTRIAL CONCENTRATION AND INFLATION Steven Lustgarten with a foreword by Yale Brozen American Enterprise Institute for Public Policy Research Washington, D.C. Steven Lustgarten is associate professor of economics and finance at ISBN 0-8447-3169-2 Library of Congress Catalog Card No. 75-18501 1975 by American Enterprise Institute for Public Policy Research, Printed in the United States of America 69-945 O - 76 - 12 |