All Posts Tagged With: "Standard Oil"
Theodore Roosevelt, Big-Government Man
Theodore Roosevelt has been known as “the Good Roosevelt,” “the Republican Roosevelt,” and “the conservative Roosevelt,” as distinguished from his fifth cousin Franklin, who’s credited with ushering in modern American big government. Yet promoters of big government have long recognized TR as one of their own. Biographer Frank Freidel wrote that “While at Groton [Franklin [...]
24Feb2010 | Jim Powell | 7 comments | ContinuedBook Reviews – October 2008
Mises: The Last Knight of Liberalism by Jörg Guido Hülsmann Ludwig von Mises Institute • 2007 • 1143 pages • $50.00 Reviewed by Bettina Bien Greaves Biographer Guido Hülsmann has written a magnificent book, describing in detail not only the life of Ludwig von Mises, but also his writings, his intellectual development, and his importance. [...]
1Oct2008 | George C. Leef | 1 comment | ContinuedJohn D. Rockefeller and His Enemies
One hundred years ago John D. Rockefeller, America’s first billionaire and the head of Standard Oil, faced a critical issue: what should he do about the criticisms of investigative journalist Ida Tarbell? To Rockefeller, the solution was simple—ignore her. He was marketing 60 percent of all oil sold in the whole world. His company was [...]
1May2008 | Burton W. Folsom Jr. | 0 comments | ContinuedEnron Shows Need for More Regulation?
In his December 24, 2001, Business Week column, journalist Robert Kuttner claimed the Enron scandal “suggests the need for tougher regulation.” That Kuttner would make such a statement is not surprising; he consistently advocates increasing the government’s power over our economic lives. But even many people who are generally sympathetic to economic freedom are questioning [...]
1Jul2002 | David R. Henderson | 0 comments | ContinuedMoney & Power: The History of Business
John Wiley & Sons, Inc. • 2001 • 274 pages • $27.95 Reviewed by John Hood Television can be not only entertaining but educational, as long as you are not seeking great depth or elaborate argumentation. That means that it’s possible to adapt excellent writing for television but not the reverse. In Money & Power: [...]
1May2002 | Howard Means | 0 comments | ContinuedMonopolies in America: Empire Builders and Their Enemies from Jay Gould to Bill Gates by Charles R. Geisst
Oxford University Press • 2000 • 355 pages • $30.00 The current Microsoft court case, hotly debated and full of economic implications, makes a historical study of monopolies and antitrust law very relevant. Unfortunately, business historian Charles Geisst’s Monopolies in America is incomplete and one-sided, mostly reiterating the traditional statist interpretation of big business and [...]
1Apr2001 | Burton W. Folsom Jr. | 0 comments | ContinuedThe Microsoft Case: Divestiture Won’t Help Consumers
D. T. Armentano is professor emeritus in economics at the University of Hartford and author of Antitrust and Monopoly (Independent Institute) and Antitrust: The Case for Repeal (Mises Institute). Critics of Microsoft, rallied by Judge Thomas Penfield Jackson’s finding that the company has monopoly power over much of the computer industry, have urged a breakup [...]
1Apr2000 | D. T. Armentano | 0 comments | ContinuedTitan: The Life of John D. Rockefeller, Sr. by Ron Chernow
Random House • 1998 • 774 pages • $30.00 D. T. Armentano, professor emeritus of economics at the University of Hartford, is the author of Antitrust and Monopoly: Anatomy of a Policy Failure. For me, this is the image that sticks: John D. Rockefeller, president of Standard Oil, age 57, in bicycle suit and goggles, [...]
1Jan1999 | D. T. Armentano | 0 comments | ContinuedIt Just Ain’t So!
The government’s harassment of Microsoft has uncorked a gusher of silly journalism. On May 19, even the Wall Street Journal joined the flow. Alan Murray’s front-page essay, “Reading Rockefeller and Busting Up Trusts,” is a soup of errors and strained logic. Murray is horrified by accounts of Standard Oil’s large size and Rockefeller’s “obsession for [...]
1Sep1998 | and Donald J. Boudreaux | 0 comments | ContinuedThe Ghost of John D. Rockefeller
At the Senate Judiciary Committee hearing on competitiveness in the computer industry last March, Microsoft chairman Bill Gates was compared to the infamous “robber baron” John D. Rockefeller and his company likened to the Standard Oil Company of the late nineteenth century. Federal Trade Commission chairman Robert Pitofsky made a similar analogy in a Washington [...]
1Jun1998 | Thomas J. DiLorenzo | 0 comments | ContinuedThe Predatory Bogeyman
In the literature of anti-capitalism, the dominant bogeyman is unquestionably the big, private, profit-seeking company. Is there a sin imaginable that hasn’t been laid at the doorstep of those who own or manage large firms? Defenders of capitalism have produced powerful arguments and voluminous evidence exposing much of the anti-capitalist literature as mythology—attacks that seem [...]
1Jul1997 | Lawrence W. Reed | 1 comment | Continued-
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