Antitrust economics on trial : a dialogue on the new laissez-faire / Walter Adams and James W. Brock.

Format:

Book

Author/Creator:

Adams, Walter, 1922-1998, author.

Brock, James W., author.

Series:

Princeton Legacy Library

Princeton legacy library

Language:

English

Subjects (All):

Trusts, Industrial--United States.

Trusts, Industrial.

Consolidation and merger of corporations--United States.

Consolidation and merger of corporations.

Trade regulation--United States.

Trade regulation.

Antitrust law--United States.

Antitrust law.

Competition--Government policy--United States.

Competition.

Physical Description:

1 online resource (147 p.)

Edition:

Course Book

Place of Publication:

Princeton, New Jersey : Princeton University Press, [1991]

Language Note:

English

Summary:

Is it the central purpose of American antitrust policy to encourage decentralization of economic power? Or is it to promote "consumer welfare"? Is there a painful trade-off between market dominance and economic "efficiency"? What is the proper role of government in this area? In recent years the public policy debate on these core questions has been marked by a cacophony of divergent opinions--theorists against empiricists, apostles of the "new learning" against defenders of the traditional structure-conduct-performance paradigm, "laissez-faire" advocates against "interventionists." Utilizing a distinctively innovative format, Walter Adams and James Brock examine these issues in the context of a courtroom dialogue among a proponent of the new learning (Chicago School), a prosecuting attorney, and a U.S. district judge. In contrast to bloodless "scientific" treatises or ideologically inspired polemical tracts, this book lays bare the central arguments in the debate about free-market economics and the latent assumptions and disguised terminology on which those arguments are based. The dialogue is both gripping and entertaining--designed by the authors to be reminiscent at times of the Theater of the Absurd.Originally published in 1991.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Contents:

Frontmatter

CONTENTS

LIST OF EXHIBITS

INTRODUCTION

DAY 1. THE TRIAL BEGINS; THE WITNESS DEFINES PRICE THEORY

DAY 2. THE EXAMINATION TURNS TO HORIZONTAL AND VERTICAL MERGERS

DAY 3. TAKEOVER ISSUES TAKE OVER

DAY 4. THE IMPACT OF ECONOMIC POWER IS DISCUSSED; PUBLIC POLICY INTERESTS IN ECONOMIC LIBERTY AND DEMOCRATIC PROCESS YIELD A CONUNDRUM

INDEX

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9781400862559

1400862558

OCLC:

884012989