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Antitrust: The Case for Repeal
 
 
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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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Customers buy this book with Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy) by Dominick T. Armentano

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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 "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed.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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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
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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
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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