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Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy) Posters
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List Price: $19.95Amazonaws.com's Price: $17.05 You Save: $2.90 (15%)
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Binding: Paperback
Dewey Decimal Number: 343.730721
Fabric Type: 9780945999621
Legal Disclaimer: 0945999623
Maximum Color Depth: Independent Institute
Metal Type: Independent Institute
Publisher: 1
Region Code: 312
Total External Bays Free: January 01, 1996
Total Firewire Ports: Independent Institute
Independent Institute
Editorial Review:
Product Description:
The stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors?
Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? In this breakthrough study, Professor Armentano thoroughly researches the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and what it actually accomplishes in the real world. Instead of protecting competition, Professor Armentano finds, antitrust law actually protects certain politically-favored competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions.
Average Rating: 
Rating:  -
The product description for this book states: "Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? In this breakthrough study, Professor Armentano thoroughly researches the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and ... Read More
Rating:  -
First, I will provide context of my reading level. As an armchair intellectual, I enjoy reading books on economic philosophy for pleasure. I have read several books by Milton Friedman (i.e., Free to Choose, Capitalism and Freedom, Money Mischief) a few Mark Skousen Books (e.g., the Big Three in Economics, Vienna and Chicago: Friends or Foes?), a few Thomas Sowell books (e.g., On Classical Economics, Marxism: Philosophy and Economics), Henry Hazlitt's book Economics in One Lesson, Brian Simpson's ... Read More
Rating: -
This book cuts through the confusion, fallacies and ignorance surrounding antitrust policy. With scholarship and rigor, it analyzes classic antitrust cases to argue convincingly that antitrust law is wrong in theory and disastrous in practice. Its argument is nothing less than that antitrust laws should be repealed.
A summary of its contents may be helpful to prospective buyers: Its first fifty pages are concerned with theory, first discussing the rationale, legality and legitimacy ... Read More
Rating: -
I remember reading this book in an advanced micro economics course at the University of Maine. It struck a chord and helped me turn the page to start questioning the standard fare served up by my professors. The Austrian analysis continues to make the most sense with respect all economic situations and it is books like this that need to be distributed to serious students of economics and philosophy.
Rating: -
In this book, Armentano presents a stellar case against antitrust. Using air-tight Austrian theory, he first refutes common fallacies inherent in the relevant aspects of today's popular economic theory. Afterwards, he goes through the history of antitrust prosecution, dispelling myth after myth. As a whole, this book proves without a doubt that antitrust is, and has always been, a dangerous and unnecessary set of laws.
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