The Abolition of Antitrust
"The essays in this book present a sustained economic, historical, moral, and legal broadside against the various federal statutes known as antitrust doctrine. They explode the cherished myths underlying the antitrust laws, and expose their intellectual fountainhead in a morality of self-sacrifice that is incompatible with individual rights, free enterprise, and objective law. With the publication of this text, businessmen, lawyers, economists, policy makers, legislators, and judges finally...
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The Abolition of Antitrust asserts that antitrust laws- on economic, legal, and moral grounds- are bad, and provides convincing evidence supporting argument for their total abolition. Every year, new antitrust prosecutions arise in the U.S. courts, as in the cases against 3M and Visa/MasterCard, as well as a number of ongoing antitrust cases, such as those involving Microsoft and college football's use of the Bowl Championship Series (BCS). Gary Hull and the contributing authors show that there cases- as well as the Sherman Antitrust Act itself- are based on an erroneous interpretation of the history of American business, premised on bad economics. They equivocate between economic and political power- the power to produce versus the power to use physical force. For Hull, antitrust prosecutions are based on a horrible moral inversion: that it is acceptable to sacrifice America's best producers.
1Barriers to entry32The philosophic origins of antitrust173The false profits of antitrust274Reversing course : American attitudes about monopolies, 1607-1890635Antitrust : the war against contract956Antitrust : "free competition" at gunpoint1217Antitrust is immoral143AppMajor antitrust legislation163
