Introduction – The Economics Revolution in Antitrust Law
ECONOMICS OF ANTITRUST LAW, Vol. I, pp. IX-XLIV, Benjamin Klein, Andres V. Lerner, eds., Edward Elgar Publishing, 2008
36 Pages Posted: 9 Jul 2011
Date Written: 2008
It is undeniable that economics has had a huge effect on antitrust law over the last 30 years. Richard Posner, in the preface to the second, 2001 edition of his landmark book, Antitrust Law, notes that since the publication of the first edition of the book in 1976 there has been “a profound, a revolutionary, change in [antitrust] law. Much of antitrust law in 1976 was an intellectual disgrace. Today, antitrust law is a body of economically rational principles.
JEL Classification: L00, K21
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