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Chicago school of antitrust

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Proving The Obvious: The Antitrust Laws Were Passed To Protect Consumers (Not Just To Increase Efficiency), Robert H. Lande Apr 1999

Proving The Obvious: The Antitrust Laws Were Passed To Protect Consumers (Not Just To Increase Efficiency), Robert H. Lande

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Sometimes an entire field goes astray. When its dominant members make a major mistake, an opportunity arises for someone to say, "The emperor has no clothes." This is what happened to the antitrust world during much of the 1970s and 1980s. These circumstances gave me the opening and motivation to write the article that appeared in the Hastings Law Journal in 1982 (Wealth Transfers as the Original and Primary Concern of Antitrust: The Efficiency Interpretation Challenged, hereafter Wealth Transfers).


Beyond Chicago: Will Activist Antitrust Arise Again?, Robert H. Lande Apr 1994

Beyond Chicago: Will Activist Antitrust Arise Again?, Robert H. Lande

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There is no need to document the revolution in antitrust that occurred in large part as a result of the rise of the Chicago school of antitrust and the Republicans' 1980 election victory. Now that the Democrats are back in office a natural question arises: Will there be a counterrevolution? What are the chances of significantly more aggressive antitrust in the near future?