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Molting Time for Antitrust: Market Realities, Economic Fallacies, and European Innovations

Autor Dudley H. Chapman
en Limba Engleză Hardback – 29 oct 1991 – vârsta până la 17 ani
While the purpose of antitrust policy is to protect competition, competition that removes all restraints may defeat its own goal. Dudley H. Chapman, in a revisionist analysis of antitrust history and policy, argues that our country needs practical government policy to replace our doctrinaire and unrealistic antitrust rules. The Chicago School and the economic theory on which it is based are rejected as an intellectual scandal. Competition is an end in itself and it is not the primary purpose of anti-trust to lower consumer prices. Chapman, a former antitrust official, uses historical materials to build his case for a new and practical antitrust policy. He proposes that we look not to Chicago but to Europe for our model.Compared to their older, more rigid U.S. counterparts, European laws are far more rationally conceived and realistic, Chapman says. Europeans believe that some restraints on competitive freedom, both private and government, are necessary to preserve the ongoing competitive process. The book develops the thesis that for current U.S. policy to mature or molt its rigid shell we need to remove criminal penalties and prohibit abuses of market-dominating positions. Anyone in the U.S. or Europe who is active in antitrust and related issues of regulatory and trade policy--lawyers, economists, government officials in the executive branch and in Congress, academicians and students--will find in this book an important and controversial agenda.
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Specificații

ISBN-13: 9780275934781
ISBN-10: 0275934780
Pagini: 272
Dimensiuni: 156 x 235 x 16 mm
Greutate: 0.56 kg
Ediția:New.
Editura: Bloomsbury Publishing
Colecția Praeger
Locul publicării:New York, United States

Notă biografică

DUDLEY H. CHAPMAN has served in the Office of Legal Counsel in the Department of Justice, on a Cabinet-level task force on Oil Import Control, and as assistant chief of the Foreign Commerce Section in the Antitrust Division. Before going into private law practice he served in the White House Office of the Counsel to the President.

Cuprins

ForewordPrefaceIntroductionOrigins of the Sherman ActThe Saga of Standard OilThe Legislative Odyssey of the Sherman ActAntitrust as Economic PolicyThe Theology of Antitrust: Fanciful Teachings of Economic TheoryFlaws in the Price TheoryDissatisfaction with the MarketReflections from AbroadThe Elements of a Competitive PolicyEpilogue: A Final Consultation with our Friendly CynicBibliographyIndex