Antitrust and Monopoly: Anatomy of a Policy Failure

Antitrust and Monopoly: Anatomy of a Policy Failure

by Dominick T. Armentano
     
 

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The stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors?

Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that

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Overview

The stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors?

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.

Author Biography: Dominick T. Armentano is Professor Emeritus of Economics at the University of Hartford.

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Product Details

ISBN-13:
9780471099307
Publisher:
Wiley, John & Sons, Incorporated
Publication date:
02/01/1982
Series:
Studies in Political Economy
Pages:
292

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