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147 Annals Am. Acad. Pol. & Soc. Sci. [i] (1930)

handle is hein.cow/anamacp0147 and id is 1 raw text is: FOREWORD IN recent years the anti-trust laws of the United States have been praised, condemned and amended more than any other one piece of Fed- eral legislation. Some regard them as the bulwark of industrial liberties, while others see them as a Procrustean bed to which only Labor is required to conform. It is generally agreed that they rank next to the Eighteenth Amendment and tax reduction as legal topics of every-day conversation, and that proposed future changes give promise of increased popular atten- tion because of the recent expansion in corporate stock ownership. Wise future legislation must be predicated, not only upon an accurate knowledge of the present law, but also upon a clear conception of the precise changes which are necessary. Furthermore, it is essential that adequate and proper governmental machinery be provided for the enforcement of the law because enactments which are praiseworthy in substance may be vitiated by the enforcing agency. This volume is not a mere legal invoice of the present status of the law: it represents an attempt to acquaint the reading public with the practical operation of the law, to evaluate it, and to indicate some of the changes which may be expected in the future. The editor desires to acknowledge his indebtedness to Mr. Edward W. Carter, a colleague in the Wharton School of Finance and Commerce, for valuable assistance in preparing the volume. JOHN G. HERVEY.

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