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Antitrust: The Case for Repeal (Paperback)

~ (Author) "Although it is difficult to summarize more than a century of antitrust enforcement in one observation, it is undeniably true that the antitrust laws have..." (more)
Key Phrases: antitrust assault, open market process, price coordination, Standard Oil, New York, Supreme Court (more...)

5.0 out of 5 stars See all reviews (5 customer reviews)

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Editorial Reviews

Product Description

This tour de force rips the intellectual cover off antitrust regulation to reveal it as a bludgeon used by businesses against their competitors. Unlike many critics, Professor Armentano carries the logic of his analysis to the fullest possible extent: "My position on antitrust has never been ambiguous," he writes. "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed. The antitrust apparatus cannot be reformed; it must be abolished."

Professor Armentano begins with the most rigorous and revealing account of the Microsoft antitrust battle to appear in print. He further discusses other recent cases, including Toys 'R' Us, Staples, and Intel, as well as many historical cases. He covers nearly every conceivable rationale for antitrust, including price fixing, predatory pricing, product tie-ins, vertical and horizontal mergers, and many more.

This is a crucially important work in our new era of antitrust enforcement. This 2nd edition is completely revised and includes a treatment of Murray Rothbard's contributions to the theory of monopoly and competition. It ends by arguing that antitrust is contrary to both free-market economic theory and the protection of property rights in a free society.

About the Author

Dominick T. Armentano is professor emeritus in economics at the University of Hartford in Connecticut and an adjunct scholar of the Ludwig von Mises Institute. He also taught at the University of Connecticut, where he received his Ph.D. in economics in 1966.

Product Details

Paperback: 112 pages
Publisher: Ludwig von Mises Institute; 3rd edition (July 7, 2007)
Language: English
ISBN-10: 0945466250
ISBN-13: 978-0945466253
Product Dimensions: 8.2 x 5.2 x 0.4 inches
Shipping Weight: 5.6 ounces (View shipping rates and policies)

Average Customer Review: 5.0 out of 5 stars See all reviews (5 customer reviews)

Amazon.com Sales Rank: #283,797 in Books (See Bestsellers in Books)
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#18 in Books > Professional & Technical > Law > Administrative Law > Antitrust
#19 in Books > Nonfiction > Law > Administrative Law > Antitrust

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Inside This Book (learn more)

First Sentence:
Although it is difficult to summarize more than a century of antitrust enforcement in one observation, it is undeniably true that the antitrust laws have often been employed against innovative business organizations that have expanded output and lowered prices. Read the first page

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
antitrust assault, open market process, price coordination, antitrust intervention, competitive market process, preserving competition, horizontal agreements, tying agreements, antitrust regulation, misallocate resources, antitrust policy, antitrust authorities, output restriction, monopoly theory, predatory practices, merger guidelines, atomistic competition, resale price maintenance, market output, antitrust enforcement, restrictive agreements

Key Phrases - Capitalized Phrases (CAPs): (learn more)
Standard Oil, New York, Supreme Court, Brown Shoe, Federal Trade Commission, Borden Company, Sherman Act, Wall Street Journal, Clayton Act, Robinson-Patman Act, Antitrust Bulletin, Sherman Antitrust Act, Harold Demsetz, Herfindahl Index, Independent Institute, Judge Caffey, Michael Mann, Policy Failure, United Shoe Machinery Corporation, Basic Books, Fred Weston, Harvey Goldschmid, International Business Machines Corporation, Quaker Oats Company, The New Learning

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Citations (learn more)

This book cites 28 books:

Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy) by Dominick T. Armentano on 7 pages
Antitrust Paradox: A Policy at War With Itself by Robert H. Bork on 5 pages
Industrial Concentration: The New Learning by Harvey J. Goldschmid on page 4, page 16, and page 58
Man, Economy, and State by Murray N. Rothbard on page 36, page 47, and page 50
The Organization of Industry by William F., II Shughart in Front Matter, and page 31

See all 28 books this book cites

3 books cite this book:

Professional's Guide to Value Pricing w/CD by Ronald J. Baker in Back Matter (1), and Back Matter (2)
Pricing on Purpose: Creating and Capturing Value by Ronald J. Baker in Back Matter (1), and Back Matter (2)
Actual Ethics by James R. Otteson on page 192

Books on Related Topics (learn more)

Antitrust Law And Economics In A Nutshell by Ernest Gellhorn

Discusses:

Federal Antitrust Policy by Herbert Hovenkamp

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Competition Policy in America by Rudolph J. R. Peritz

Discusses:

Antitrust and Monopoly by Dominick T. Armentano

Discusses:

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	74% buy the item featured on this page: Antitrust: The Case for Repeal 5.0 out of 5 stars (5) $9.95
	12% buy Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy) 4.6 out of 5 stars (5) $18.57
	6% buy The Myth of the Robber Barons 4.1 out of 5 stars (30) $9.95
	5% buy The Antitrust Religion 4.7 out of 5 stars (3) $12.71

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Customer Reviews

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4 of 5 people found the following review helpful:

5.0 out of 5 stars Makes sense of a confusing area of law and economics., December 5, 2003

By	J. H. Huebert (Ohio, United States) - See all my reviews (REAL NAME)

Armentano analyzes and lays waste to the fallacies underlying the standard Chicago school economic analysis of monopolies, and how it has been applied by courts interpreting the antitrust laws.

This book is short and easy to read, and it is an essential supplement for anyone trying to make sense of antitrust law and economics.

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3 of 4 people found the following review helpful:

5.0 out of 5 stars Outstanding tour-de-force, June 8, 2003

By	Zachary Gochenour (Baltimore, MD USA) - See all my reviews (REAL NAME)

Dr. Armentano's book is remarkable and indispensible. Since it it short, do not expect it to be an all-inclusive study of the entire past, present, and future of antitrust law. It is simple, straightforward logic that is often missing when analyzing complex legal problems - even from most economic work in the field.

Antitrust: The Case For Repeal looks closely at the Microsoft case and uses it almost allegorically to condemn the entire practice of antitrust law in the United States. He showcases the inherent contradictions, the arbitrary law, and the self-defeating nature of antitrust legislation. His scholarship is impeccable and the writing is smooth. This book should be a tremendous resource for any research done in the field and also excellent intellectual reading for anyone interested in a common-sense approach to antitrust.

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5 of 7 people found the following review helpful:

5.0 out of 5 stars Concise Introduction to Antitrust Law (with citations!), February 16, 2004

By	Monica Granger "fancyfreemarketeer" (Wishing for Houston) - See all my reviews (REAL NAME)

For the length of this book (106 pages, sans index), the delivery was very concise and dense. The book is both layperson and student-friendly; the text has citations that direct a more thorough understanding of the book (including a good article by Thomas DiLorenzo concerning the Origins of Antitrust that can be had for free on mises.org), and also utilizes enough mainstream economic theory to allow students to cross-apply arguments to current economic studies.

Armentano delivers an acute, crisp take on the principles at the base of antitrust policies. He addresses widely-used assumptive errors underlying economic models used as justification for antitrust laws. And if you're wondering who benefits from antitrust: Over 90% of the cases, he explains, are begun by private companies against private companies. So much for benevolent government watching out for intellectually lackluster consumers.

Speaking of consumers, why is it that whenever antitrust advocates speak of that mystical class of individuals, inevitably they are caricatured as bereft of any sense concerning what to do with their own money? This is just one of the numerous fallacies underlying antitrust-advocates' arguments that Armentano addresses.

An excellent introduction to the basis of antitrust argumentation, with overviews of relevant court cases, and a good companion to courses in antitrust law or industrial organization.

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Most Recent Customer Reviews

5.0 out of 5 stars Review on Antitrust, The Case for Repeal
This book is informative and enlightening. It was a good help in writing a paper for my economics class. I recommend it as good reading for any business student.

Published on August 23, 2007 by A. J. Kile

5.0 out of 5 stars A must-read especially for you Microsoft bashers!
Before you waste your hype or start whining about Microsoft's case, please read this book right away, you will see how antitrust laws are in fact against you and especially your... Read more

Published on June 19, 2000 by Anne DeBlois

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