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Store: An Independent Institute Book
6 Figures • 4 Tables
© 1990 |
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ANTITRUST AND MONOPOLY
Anatomy of a Policy Failure
By
Dominick T. Armentano
Foreword by
Yale Brozen
Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? In this breakthrough study, Professor Armentano thoroughly researches the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and what it actually accomplishes in the real world. Instead of protecting competition, Professor Armentano finds, antitrust law actually protects certain politically-favored competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions.
Detailed Summary |
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Table of Contents
- Chapter 1: The Legitimacy of Antitrust Policy
- Chapter 2: Competition Theory and the Market Economy
- Chapter 3: Monopoly Under the Sherman Act
- Chapter 4: Monopoly in Business History
- Chapter 5: Price Conspiracy and Antitrust Law
- Chapter 6: Price Discrimination and the Competitive Process
- Chapter 7: Typing Agreement and Antitrust Policy
- Chapter 8: Mergers, Competition, and Antitrust Policy
- Chapter 9: The Antitrust Laws and a Free Society
Praise for Antitrust and Monopoly “Skillfully honed, . . . eloquent, . . . Professor Armentano’s book must be mastered by all who would be heard on this issue.” —BUSINESS HISTORY REVIEW
“For anyone wanting to know what’s behind today’s headlines, Antitrust and Monopoly is an attractive introduction. With impressive scholarship, Armentano exposes the mythology around antitrust law. Classic antitrust cases are analyzed so thoroughly that this book should be required reading in economics and law, and by every Congressman.” —YALE BROZEN, Professor Emeritus of Economics, Graduate School of Business, University of Chicago
“Grounded solidly, Antitrust and Monopoly is one of the better examples of the anti-antitrust school of thought. Armentano provides valuable insight.” —BUSINESS HORIZONS
“Antitrust and Monopoly is the single best book-length treatment of this vital public policy issue in print, and it should become a, if not the standard work in economics, history, and political science.” —PUBLIC CHOICE
“Armentano’s book illuminates the paradox of antitrust law and policy: Should the law protect competition or competitors? The book is written in a very clear, concise, and declarative manner, which makes it accessible to students as well as interested professionals.” —ANTITRUST BULLETIN
“Antitrust and Monopoly should be on the reading list of every course in antitrust in law schools, business schools, and departments of economics. The economic background of landmark litigation is set forth at greater length than in alternative treatments. Clearly stated and rigorously developed, the book is definitely for professors as well as students. Critics of antitrust will find that the case against it is even stronger than they had thought. Friends of antitrust will be left in no doubt about the case that they have to answer if the policy is to regain intellectual respectability.” —DONALD DEWEY, Professor of Economics, Columbia University About the Author Dominick T. Armentano is Professor Emeritus of Economics at the University of Hartford.
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