“Skillfully honed, ... eloquent, ... Professor Armentano’s book must be mastered by all who would be heard on this issue.”
Antitrust and Monopoly
Anatomy of a Policy Failure
Description
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.
Reviews
“For anyone wanting to know what’s behind today’s headlines, Antitrust and Monopoly is an attractive introduction. With impressive scholarship, Armentano exposes the mythology around antitrust law. Classic antitrust cases are analyzed so thoroughly that this book should be required reading in economics and law, and by every Congressman.”
“Grounded solidly, Antitrust and Monopoly is one of the better examples of the anti-antitrust school of thought. Armentano provides valuable insight.”
“Antitrust and Monopoly is the single best book-length treatment of this vital public policy issue in print, and it should become a, if not the standard work in economics, history, and political science.”
