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Henry C. Simons Biography

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“Every industry should be either effectively competitive or socialized.”

Capitalism Economics Socialism 1948 Chicago School Economice

Book:Economic Policy for a Free Society

Source: Economic Policy for a Free Society

“… the state should face the necessity of actually taking over, owning, and managing directly [all] industries in which it is impossible to maintain effectively competitive conditions.”

Capitalism Socialism 1948 Chicago School Economice

Book:Economic Policy for a Free Society

Source: Economic Policy for a Free Society