ANTITRUST: THE CASE FOR REPEAL
by Dominick T. Armentano.
This tour de force rips the intellectual cover off antitrust
regulation to reveal it as a bludgeon used by businesses
against their competitors. Unlike many critics, Professor
Armentano carries the logic of his analysis to the fullest
possible extent:
"My position on antitrust has never been ambiguous,"
he writes. "All of the antitrust laws and all of the
enforcement agency authority should be summarily
repealed. The antitrust apparatus cannot be reformed;
it must be abolished."
Professor Armentano begins with the most rigorous and
revealing account of the Microsoft antitrust battle to
appear in print. He further discusses other recent cases,
including Toys 'R' Us, Staples, and Intel, as well as many
historical cases. He covers nearly every conceivable rationale
for antitrust, including price fixing, predatory pricing,
product tie-ins, vertical and horizontal mergers, and many
more.
This is a crucially important work in our new era of
antitrust enforcement. This 2nd edition is completely
revised and includes a treatment of Murray Rothbard's
contributions to the theory of monopoly and competition.
It ends by arguing that antitrust is contrary to both
free-market economic theory and the protection of
property rights in a free society.
Mumpsimus
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