“Skillfully honed, ... eloquent, ... Professor Armentano’s book must be mastered by all who would be heard on this issue.”
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.
Pages310
Released1996
LanguageEnglish
PublisherIndependent Institute
ISBN9781598131772
SellerSimon & Schuster
About the author(s)
Dominick T. Armentano is a Research Fellow at the Independent Institute and Professor Emeritus of Economics at the University of Hartford. He received his Ph.D. in economics from the University of Connecticut, and he is the author of the books, Antitrust and Monopoly: Anatomy of a Policy Failure, Antitrust: The Case for Repeal, Intervention in the Petroleum Industry, and The Political Economy of William Graham Sumner. His articles have appeared in such scholarly journals as the Antitrust Bulletin, Business and Society Review, Antitrust Law and Economic Review, and Business History Review, as well as in the Financial Times, New York Times, Wall Street Journal, Reason, National Review, and Hartford Times. Professor Armentano is frequently interviewed on numerous TV and radio programs including “Economically Speaking” (PBS).
Yale Brozen (1918–1998) was a founding member of the Board of Advisors at the Independent Institute, Professor Emeritus of Business Economics at the University of Chicago Graduate School of Business, and author of the Foreword to the Independent Institute book, Antitrust and Monopoly: Anatomy of a Policy Failure, by D. T. Armentano.
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.”
YALE BROZEN, Professor Emeritus of Economics, Graduate School of Business, University of Chicago
“Grounded solidly, Antitrust and Monopoly is one of the better examples of the anti-antitrust school of thought. Armentano provides valuable insight.”
BUSINESS HORIZONS
“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.”
PUBLIC CHOICE
“Armentano’s book illuminates the paradox of antitrust law and policy: Should the law protect competition or competitors? The book is written in a very clear, concise, and declarative manner, which makes it accessible to students as well as interested professionals.”
ANTITRUST BULLETIN
