Antitrust and Monopoly: Anatomy of a Policy Failure / Edition 2by Dominick T. Armentano
Pub. Date: 01/28/1996
Publisher: Independent Institute, The
Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that
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.
Table of Contents
Chapter One: THE LEGITIMACY OF ANTITRUST POLICY,
Chapter Two: COMPETITION THEORY AND THE MARKET ECONOMY,
Chapter Three: MONOPOLY UNDER THE SHERMAN ACT: FROM E. C. KNIGHT (1895) TO STANDARD OIL OF NEW JERSEY (1911),
Chapter Four: MONOPOLY IN BUSINESS HISTORY: FROM AMERICAN TOBACCO (1911) TO TELEX-IBM (1975),
Chapter Five: PRICE CONSPIRACY AND ANTITRUST LAW,
Chapter Six: PRICE DISCRIMINATION AND THE COMPETITIVE PROCESS,
Chapter Seven: TYING AGREEMENTS AND PUBLIC POLICY,
Chapter Eight: MERGERS, COMPETITION, AND ANTITRUST POLICY,
Chapter Nine: THE ANTITRUST LAWS AND A FREE SOCIETY,
Appendix: THE ANTITRUST LAWS: RELEVANT,
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