The Making of Competition Policy
Legal and Economic Sources
1st Edition
Published on 30. January 2013
620 pages
978-0-19-931156-9 (ISBN)
Description
This book provides edited selections of primary source material in the intellectual history of competition policy from Adam Smith to the present day. Chapters include classical theories of competition, the U.S. founding era, classicism and neoclassicism, progressivism, the New Deal, structuralism, the Chicago School, and post-Chicago theories. Although the focus is largely on Anglo-American sources, there is also a chapter on European Ordoliberalism, an influential school of thought in post-War Europe. Each chapter begins with a brief essay by one of the editors pulling together the important themes from the period under consideration.
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03/2013
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Persons
Daniel A. Crane is Professor of Law at the University of Michigan Law School, where he teaches contracts, antitrust, and legislation and regulation. He was formerly Professor of Law at the Benjamin N. Cardozo School of Law, Visiting Professor at NYU and the University of Chicago, and a Fulbright Scholar at the Universidade Católica Portuguesa in Lisbon, Portugal.
Herbert Hovenkamp is the Ben V. & Dorothy Willie Professor of Law at the University of Iowa. He is a fellow of the American Academy of Arts and Sciences and recipient of the Justice Department's John Sherman Award. He teaches antitrust, innovation and competition policy, torts, and American legal history.
Content
Acknowledgments
Introduction
Chapter 1. Classical Theories
Adam Smith, The Wealth of Nations
David Ricardo, Principles of Political Economy and Taxation
John Stuart Mill, Principles of Political Economy
Chapter 2. Federalism, Antifederalism, and Jacksonianism
Max Farrand, Records of the Federal Convention of 1787
Agrippa, To the People
Alexander Hamilton, Contintentalist
Thomas Cooley, Limits to State Control of Private Business
Chapter 3. Classicism, Neoclassicism, and the Sherman Act
Alfred Marshall, Principles of Economics
Arthur Twining Hadley, Economics: An Account of the Relations Between Private Property and Public Welfare
Henry Rand Hatfield, The Chicago Trust Conference (of 1899)
Chapter 4. Progressivism and the 1912 Election
Theodore Roosevelt, The Trusts, the People, and the Square Deal
William Howard Taft, We Must Get Back to Competition
Woodrow Wilson, The Tariff and the Trusts
Chapter 5. Imperfect, Monopolistic, and Workable Competition
Edward Chamberlin, The Theory of Monopolistic Competition
Joan Robinson, The Economics of Imperfect Competition
John Maurice Clark, Toward a Concept of Workable Competition
Chapter 6. The New Deal and the Institutionalists
Adolf A. Berle and Gardiner C. Means, The Modern Corporation and Private Property
Louis Brandeis, The Curse of Bigness
Rexford Tugwell, The Industrial Discipline and the Governmental Arts
Thurman Arnold, The Bottlenecks of Business
Chapter 7. Antitrust After Populism
Richard Hofstadter, What Happened to the Antitrust Movement?
Chapter 8. Ordoliberalism and the Freiburg School
Franz Böhm, Walter Eucken & Hans Grossmann-Doerth, The Ordo Manifesto of 1936
Franz Böhm, Democracy and Economic Power
Chapter 9. Competition and Innovation
Joseph Schumpeter, Capitalism, Socialism and Democracy
Kenneth Arrow, Economic Welfare and the Allocation of Resources for Invention
Chapter 10. Structuralism
Joe Bain, Industrial Organization
Carl Kaysen and Donald Turner, Antitrust Policy: An Economic and Legal Analysis
The Neal Report (1967)
Chapter 11. The Chicago School
George Stigler, The Organization of Industry
Aaron Director and Edward Levi, Law the Future: Trade Regulation
Robert H. Bork, The Antitrust Paradox
Richard A. Posner, The Chicago School of Antitrust Analysis
Chapter 12. Transactions Costs Economics and the Post-Chicago Movement
Oliver Williamson, Markets and Hierarchies: Analysis and Antitrust Implications
F.M. Scherer, Conservative Economics and Antitrust: A Variety of Influences
Herbert Hovenkamp, Post-Chicago Antitrust: A Review and Critique
