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- DescriptionThe Abolition of Antitrust asserts that antitrust laws-on ecomic, legal, and moral grounds-are bad, and provides convincing evidence supporting arguments 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 these cases-as well as the Sherman Antitrust Act itself-are based on an erroneous interpretation of the history of American business, premised on bad ecomics. They equivocate between ecomic 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 sacrifi ce America's best producers. The contributors explain how key antitrust ideas, for instance, mopoly, restraint of trade, and anticompetitive behavior, have been used to justify prosecution, and then make clear why those ideas are false. They sketch the historical, legal, ecomic, and moral reasoning that gave rise to the passage and growth of antitrust legislation. All of the theoretical points in this volume are woven around a number of fascinating cases, both historical and current-including the Charles River Bridge, Alcoa, General Electric, and Kellogg/General Mills. Designed for the uninformed but educated layman, The Abolition of Antitrust makes positive arguments in defense of wealth creation, business, and profi t, explains the proper role of government, and offers a rational view of the meaning of contract and ecomic freedom. AldineTransaction www.transactionpub.com ISBN: 978-1-4128-0502-5 Library of Congress: 2004058124 Printed in the U.S.A. Cover design by Ellen F. Kane The essays in this book present a sustained ecomic, historical, moral, and legal broadside against the various federal statutes kwn 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, ecomists, policymakers,legislators, and judges finally have access to a systemic critique of the antitrust laws. From here on, if antitrust continues to violate the rights of businessmen and to ravage the American ecomy, it is t for lack of kwing how and why. -Adam Mossoff, assistant professor of law, Michigan State University College of Law
- Author BiographyGary Hull is director of the Program on Values and Ethics in the Marketplace (VEM) at Duke University, and has taught philosophy and business ethics at the Fuqua School of Business, Whittier College, and the Claremont Graduate School. He is coeditor of The Ayn Rand Reader.
- PublisherTransaction Publishers
- Date of Publication30/06/2005
- SubjectNational Law: Professional
- Place of PublicationSomerset, NJ
- Country of PublicationUnited States
- ImprintTransaction Publishers
- Content Noteblack & white illustrations
- Weight290 g
- Width152 mm
- Height229 mm
- Spine11 mm
- Edited byGary Hull
- Format DetailsTrade paperback (US)
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