Four Harvard experts last night applauded the Supreme Court decision to outlaw the "non-signer" clause of the resale price maintenance laws. The move will increase competition, they agreed.
Wassily W. Leontieff, professor of economics, Morris A. Adelman, lecturer on law, and two Business School specialists, Malcolm P. McNair and Milton P. Brown, agreed that the abolition of this clause will help lower the prices of consumer goods distributed across state boundaries.
"The non-signer" clause forces all retailers to adhere to a price fixed by a distributor, once the distributor has signed a price fixing contract with any retailer.
An important effect of the decision for undergraduates will be that liquor will be sold, on a competitive basis, and therefore at lower prices.
Leontieff's reaction was typical. He stated that "in an inflationary period anything which will tend to reduce prices to consumers will be healthy."
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