The Antitrust Enterprise: Principle and Execution

Book Title:
The Antitrust Enterprise: Principle & Execution

Book Description:

After thirty years, the debate over antitrust’s ideology has quieted. Most at present agree that the protection of consumer welfare should be the only goal of antitrust laws. Execution, however, is another matter. The rules of antitrust remain unfocused, insufficiently precise, & excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more widely than principles. At bottom, antitrust is a defensible enterprise only if it can make the microeconomy work better, after accounting for the considerable costs of operating the system.

The Antitrust Enterprise is the first authoritative & compact exposition of antitrust law since Robert Bork’s classic The Antitrust Paradox was released more than thirty years ago. It confronts never only the problems of poorly designed, overly complex, & inconsistent antitrust rules but also the actual disarray of antitrust’s rule of reason, offering a coherent & workable set of solutions. The result is an antitrust policy that is faithful into the consumer welfare principle but that is also more readily manageable by the federal courts & other antitrust tribunals.

(20060601)

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Tags: Antitrust, Enterprise, Execution, Principle

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