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Antitrust, Regulatory Harm, And Economic Liberty, Alan J. Meese
Antitrust, Regulatory Harm, And Economic Liberty, Alan J. Meese
Faculty Publications
No abstract provided.
Robert Bork's Forgotten Role In The Transaction Cost Revolution, Alan J. Meese
Robert Bork's Forgotten Role In The Transaction Cost Revolution, Alan J. Meese
Faculty Publications
The last few decades have witnessed a scientific revolution in the field of industrial organization in the form of transaction cost economics (TCE). This revolution has radically altered economists’ understanding and interpretation of both partial and complete economic integration. Not surprisingly, this sea change has substantially influenced antitrust law and policy, impelling the Supreme Court to reverse or greatly modify various precedents.
This essay supplements the received historiography of the TCE revolution. It contends that Robert Bork played a hitherto underappreciated role in that revolution. In particular, the essay contends that in 1966, before the official onset of the transaction …