George Gunton, “The Economic and Social Aspect of Trusts,” Political Science Quarterly, 1888.

George Gunton, a late 19th/early 20th-century political economist, argued that industrial combinations were a natural product of the marketplace and ultimately benefited consumers.

How did Gunton differentiate between the virtues of trusts and the unethical actions of individual business leaders?

Why did he think that corporate entities like Standard Oil served the public interest and were necessary to undertake business on a national or international scale? 

Citation: 
George Gunton, "The Economic and Social Aspect of Trusts," Political Science Quarterly, 3:3 (September, 1888): 385-408.
Library Item date: 
1888