How the Chicago School overshot the mark : the effect of conservative economic analysis on U.S. antitrust (Computer file, 2009) [WorldCat.org]
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How the Chicago School overshot the mark : the effect of conservative economic analysis on U.S. antitrust

Author: Robert Pitofsky
Publisher: Oxford [u.a.] : Oxford Univ. Press, 2009.
Series: Oxford Scholarship Online
Edition/Format:   Computer file : EnglishView all editions and formats
Summary:
This book came about due to the growing concern that antitrust, a system of regulation that for over a century has had wide professional and public support, is under attack. The recent trend appears to be toward more limited interpretation of doctrine (especially in the Supreme Court) and less aggressive federal enforcement. Part of the reason for the decline in enforcement is that for almost fifty years extremely  Read more...
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Genre/Form: Online-Publikation
Aufsatzsammlung
Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert Pitofsky
ISBN: 9780195372823 0195372824
OCLC Number: 613058986
Description: Online-Ressource.
Series Title: Oxford Scholarship Online
Responsibility: Robert Pitofsky (ed.).

Abstract:

This book came about due to the growing concern that antitrust, a system of regulation that for over a century has had wide professional and public support, is under attack. The recent trend appears to be toward more limited interpretation of doctrine (especially in the Supreme Court) and less aggressive federal enforcement. Part of the reason for the decline in enforcement is that for almost fifty years extremely conservative economic analysis (sometimes referred to as Chicago Schoolʺ) has dominated scholarship in the area. With the exceptionally liberal Warren Courtʺ as their target, two brilliant academics, Richard Posner and Robert Bork, led a small army of academics in devastating criticism of the output of the Warren Court. Those in favor of the Chicago School's limited and strictly economic approach were handed an enormous political boost when President Ronald Reagan announced that government was the problem and not the solution.ʺ Contributing towards this collection of chapters are Republicans and Democrats, lawyers and scholars left of center and right of center, one-time antitrust enforcers, and private sector representatives. Virtually all share the view that antitrust is better today, more rigorous, more reasonable, more sophisticated in terms of economics, than it was forty or fifty years ago. But virtually all also confess to a sense of unease about the current direction of antitrust interpretation and enforcement. Specific concerns include current preferences for economic models over facts, the tendency to assume that the free market will cure all market imperfections, the belief that only efficiency matters, and outright mistakes in matters of doctrine.

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