Excerpt from The Morals of Monopoly and Competition This little book was begun in connection with a Seminar in the Ethics of Business under Professor James H. Tufts of the University of Chicago, and was written during the spring and summer of 1912. In publishing it at this delayed date, the author did not undertake to make a revision for the reason that the principles in question have not changed and are more vital than ever. Much progress has however been made in the solution of the problems of monopoly and competition and many sources regarding the methods of competition have come to light since 1912. However, the various papers on the Federal Trade Commission and its Problems in the Annals of the American Academy of Political and Social Science, January, 1916, review these sufficiently and should be read in connection with this book. A word, however, may be said with reference to the Clayton Act and the Federal Trade Commission Act which embody the important legislation made...