The Political Economy of the Sherman Act: The First One Hundred Years

✍ Scribed by E. Thomas Sullivan

• Publisher: Oxford University Press
• Year: 1991
• Tongue: English
• Leaves: 345
• Category: Library

✦ Synopsis

This book examines the legislative history and the political economy of the Sherman Antitrust Act--the main federal statute that regulates economic activity in the United States. Tracing the evolution of the antitrust movement in the United States since 1890, this collection of essays examines the role of government in regulating markets, and the balance it and its critics seek between the goal of limited government and the protection of free, open and competitive markets, With markets today being more international in nature and the world economy being globalized, Americans need to rethink how laws have defined markets and the implications for international transactions. Given the recent changes in Europe, this book has a significant contribution to make to the intellectual understanding of antitrust laws impact on American business here and abroad, on the European Economic Community (EEC) as it creates a single market by 1992, and on Eastern Europe as it moves to a market economy.

✦ Table of Contents

Contents......Page 16
What Happened to the Antitrust Movement?......Page 37
The Origin of the Sherman Act......Page 49
Legislative Intent and the Policy of the Sherman Act......Page 56
Wealth Transfers as the Original and Primary Concern of Antitrust: The Efficiency Interpretation Challenged......Page 88
The Sherman Act and the Balance of Power......Page 102
The "Rule of Reason" in Antitrust Law: Property Logic in Restraint of Competition......Page 133
The Sherman Act and the Classical Theory of Competition......Page 153
Antitrust Policy: An Economic and Legal Analysis......Page 198
The Chicago School of Antitrust Analysis......Page 210
An Antitrust Enforcement Policy to Maximize the Economic Wealth of All Consumers......Page 227
Legal Reasoning, Antitrust Policy, and the Social "Science" of Economics......Page 244
Antitrust, Law and Economics, and the Courts......Page 255
The Modernization of Antitrust: A New Equilibrium......Page 276
Notes......Page 302
Bibliography......Page 326
B......Page 340
E......Page 341
L......Page 342
P......Page 343
U......Page 344
Y......Page 345