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Antitrust economics on trial : a dialogue on the new laissez-faire

Author: Walter Adams; James W Brock
Publisher: Princeton, New Jersey : Princeton University Press, [1991] ©1991
Series: Princeton legacy library
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Is it the central purpose of American antitrust policy to encourage decentralization of economic power? Or is it to promote "consumer welfare"? Is there a painful trade-off between market dominance and economic "efficiency"? What is the proper role of government in this area? In recent years the public policy debate on these core questions has been marked by a cacophony of divergent opinions--theorists against  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Adams, Walter.
Antitrust economics on trial : a dialogue on the new laissez-faire.
Princeton, New Jersey : Princeton University Press, [1991]
xiv, 132 pages ; 22 cm.
(DLC) 10898963
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Walter Adams; James W Brock
ISBN: 9781400862559 1400862558 9780691003917 0691003912 9780691042916 0691042918 0691602077 9780691602073
OCLC Number: 889254742
Description: 1 online resource (147 pages).
Contents: Frontmatter --
CONTENTS --
LIST OF EXHIBITS --
INTRODUCTION --
DAY 1. THE TRIAL BEGINS; THE WITNESS DEFINES PRICE THEORY --
DAY 2. THE EXAMINATION TURNS TO HORIZONTAL AND VERTICAL MERGERS --
DAY 3. TAKEOVER ISSUES TAKE OVER --
DAY 4. THE IMPACT OF ECONOMIC POWER IS DISCUSSED; PUBLIC POLICY INTERESTS IN ECONOMIC LIBERTY AND DEMOCRATIC PROCESS YIELD A CONUNDRUM --
INDEX.
Series Title: Princeton legacy library
Responsibility: Walter Adams and James W. Brock.
More information:

Abstract:

Is it the central purpose of American antitrust policy to encourage decentralization of economic power? Or is it to promote "consumer welfare"? Is there a painful trade-off between market dominance and economic "efficiency"? What is the proper role of government in this area? In recent years the public policy debate on these core questions has been marked by a cacophony of divergent opinions--theorists against empiricists, apostles of the "new learning" against defenders of the traditional structure-conduct-performance paradigm, "laissez-faire" advocates against "interventionists." Utilizing a distinctively innovative format, Walter Adams and James Brock examine these issues in the context of a courtroom dialogue among a proponent of the new learning (Chicago School), a prosecuting attorney, and a U.S. district judge. In contrast to bloodless "scientific" treatises or ideologically inspired polemical tracts, this book lays bare the central arguments in the debate about free-market economics and the latent assumptions and disguised terminology on which those arguments are based. The dialogue is both gripping and entertaining--designed by the authors to be reminiscent at times of the Theater of the Absurd.Originally published in 1991.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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"Critically examines, in an innovative and lighthearted fashion, the economic justification of the Chicago style approach to antitrust... The book is extremely well documented... Its fast pace and Read more...

 
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