 The first two volumes were seminal works in the field of empirical studies of price-fixing cartels; in them Stocking synthesized lavish quantitative and qualitative data on international cartels in eight markets that demonstrated their internal mechanisms, pervasiveness in the economy, and effects on industrial performance.The third volume addressed the problems of market power in the U.S. economy and public policies to ensure the benefits of free enterprise.Stocking graduated from Clarendon College in Texas (BA 1918), the University of Texas (BA 1918, MA 1921), and Columbia University (Ph.D. 1925).