MONOPOLIES, CARTELS AND TRUSTS IN BRITISH INDUSTRY. By Hermann Levy.
(Macmillan. 14s.)- Professor Levy of Charlottenburg has done well to produce a new edition of his thoughtful study of monopolies and trusts in England from Tudor days to the present time. Sixteen years have passed since the first edition appeared, and during those .years our economic system has been violently shaken and transformed. Yet, though the author takes full account of recent changes and shows himself well informed concerning Imperial Chemical Industries, Limited, the Courtauld con- nexions and other new combines, he has not to change his earlier views. In the present tendency he sees a reversion to Elizabethan methods. " For the first time since the earliest days of capitalism a large section of English trade has become overrun with monopolist organizations." Professor Levy regards this " as the means, or one of the means, of bringing about a new organization of industry," and he welcomes it, though lie is not blind to its possible disadvantages.
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