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Christianity And Antitrust, Kenneth G. Elzinga, Daniel Crane Jan 2021

Christianity And Antitrust, Kenneth G. Elzinga, Daniel Crane

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The purpose of this chapter is to consider whether the Christian faith has a nexus with the institution of antitrust. It turns out it doesn’t – and it does. For example, Christianity cannot explain why the Herfindahl–Hirschman Index is superior to the four-firm concentration ratio as a measure of industry concentration. Economics can. On the other hand, economics cannot explain why the per se rule against price-fixing is morally appropriate. The Bible can.