The Antitrust Enterprise
Principle and Execution
By (author) Herbert Hovenkamp
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Antitrust Enterprise by Herbert Hovenkamp
Book DescriptionAfter thirty years, the debate over antitrust's ideology has quieted. Most now 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, and excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more heavily 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.
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Book DetailsISBN: 9780674027411
(229mm x 146mm x 25mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 22-Apr-2008
Country of Publication: United States
Books By Author Herbert Hovenkamp
Opening of American Law, Hardback (November 2014)View all books by Herbert Hovenkamp
Two Victorian Era movements affected American legal thought: Darwinian natural selection and marginalist economics. Darwinism emphasized instinct and random selection. Marginalism emphasized rational choice. Notwithstanding profound differences in the assumptions and methodologies of these movements, legal theory accommodated both.
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Author Biography - Herbert Hovenkamp
Herbert Hovenkamp is Ben V. and Dorothy Willie Professor of Law and History, University of Iowa College of Law.
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