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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 "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed.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."
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 "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed.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.
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Inside This Book
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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 New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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 New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 28
books:
See all 28 books this book cites
3
books
cite this book:
- 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
- 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
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