The Problem of Bigness: From Standard Oil to Google

  title={The Problem of Bigness: From Standard Oil to Google},
  author={N. Lamoreaux},
  journal={Journal of Economic Perspectives},
  • N. Lamoreaux
  • Published 2019
  • Business
  • Journal of Economic Perspectives
  • This article sets recent expressions of alarm about the monopoly power of technology giants such as Google and Amazon in the long history of Americans' response to big business. I argue that we cannot understand that history unless we realize that Americans have always been concerned about the political and economic dangers of bigness, not just the threat of high prices. The problem policymakers faced after the rise of Standard Oil was how to protect society against those dangers without… CONTINUE READING
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