Best 12 quotes of George W. Stocking on MyQuotes

Aluminum is a metallic element—one of the principal constituents of the earth's crust. Only oxygen and silicon are more abundant. Aluminum does not occur naturally in its pure form, but only in a wide variety of compounds.

Both the law and business have long recognized the propriety of quantity discounts. But since 1914 the Clayton Act has banned price discrimination "when the effect may be to substantially lessen competition or tend to create a monopoly." And since 1936 the Robinson-Patman Act has recognized such quantity discounts as legal only if they represent a saving in cost, and the law places the burden of proof on the seller.

If American chemical industries are oligopolistic, British, German, French, Italian, indeed European, chemical industries are monopolistic.

In a dynamic democratic society it is indeed difficult to keep in harness the forces of competition.

It is clear that both at home and abroad producers have been unwilling to trust their fortunes entirely to the unrestricted play of competition. Both in world and domestic markets businessmen have sought security by substituting collective controls for the free play of market forces.

it is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers

the basic principle of capitalism: that the penalties (losses) no less than the rewards (profits) of risk taking shall go to those who embark on a productive venture.

the German and Japanese governments heavily subsidized their chemical industries for war purposes. Government subsidies, direct or indirect, spurred German developments in synthetic rubber and plastics, synthetic fuels, light metals, and various other substitutes for natural materials. However, the world's chemical industries would have grown rapidly without artificial encouragement.

The record is plain: the cartel system retarded the development of a domestic synthetic rubber industry, and, in so doing, jeopardized national security.

Today chemists can artificially make hundreds of thousands of organic compounds, most of which are not duplicated in nature.

two well-recognized economic principles. First, the firmer the monopolistic controls in a given market, the higher the prices. Second, monopoly prices are discriminatory prices. "Charging all the traffic will bear" does not mean that all the traffic will bear the same charge! In fact, it will not.

Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last.