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Antitrust: The Case for Repeal Paperback – July 7, 2007
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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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Top Customer Reviews
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.
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.
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.
You will see why the Microsoft antitrust case must be dismissed and why the US government abused its power against AT&T and others.