Antitrust The Case For Repeal

Antitrust Policy

D.T. Armentano has long been one of the foremost critics of antitrust, and in this new book he states his challenge squarely: there is no respectable economic theory or empirical evidence to justify antitrust. Antitrust laws have been employed repeatedly to restrict the competitive market process and to protect the existing industrial structure. They violate both economic efficiency and individual liberty, and they should be repealed.

Recent Efforts to Amend Or Repeal the Robinson-Patman Act

The Causes and Consequences of Antitrust

Why has antitrust legislation not lived up to its promise of promoting free-market competition and protecting consumers? Assessing 100 years of antitrust policy in the United States, this book shows that while the antitrust laws claim to serve the public good, they are as vulnerable to the influence of special interest groups as are agricultural, welfare, or health care policies. Presenting classic studies and new empirical research, the authors explain how antitrust caters to self-serving business interests at the expense of the consumer. The contributors are Peter Asch, George Bittlingmayer, Donald J. Boudreaux, Malcolm B. Coate, Louis De Alessi, Thomas J. DiLorenzo, B. Epsen Eckbo, Robert B. Ekelund, Jr., Roger L. Faith, Richard S. Higgins, William E. Kovacic, Donald R. Leavens, William F. Long, Fred S. McChesney, Mike McDonald, Stephen Parker, Richard A. Posner, Paul H. Rubin, Richard Schramm, Joseph J. Seneca, William F. Shughart II, Jon Silverman, George J. Stigler, Robert D. Tollison, Charlie M. Weir, Peggy Wier, and Bruce Yandle.