After thirty years, the debate over antitrust's ideology has quieted. Most now agree that the protection of consumer welfare should be the only goal of antitrust laws. Execution, however, is another matter. The rules of antitrust remain unfocused, insufficiently precise, and excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more heavily than principles. At bottom, antitrust is a defensible enterprise only if it can make the micro...

In recent years, the astronomical rise of tech giants like Amazon, Apple, Meta, and Microsoft has been criticized as anticompetitive, and many have wondered if antitrust law can help protect workers and consumers. In Tech Monopoly, Herbert Hovenkamp explores competition problems in a wide range of high-tech firms—from those that sell purely digital products, such as video streaming, search, software, or email services, to others that sell more traditional "tactile" products, such ...

A serious look at competition problems in tech markets and whether antitrust law can help address them.In recent years, the astronomical rise of tech giants like Amazon, Apple, Meta, and Microsoft has been criticized as anticompetitive, and many have wondered if antitrust law can help protect workers and consumers. In Tech Monopoly, Herbert Hovenkamp explores competition problems in a wide range of high-tech firms—from those that sell purely digital produc...

A robust examination of the history and current state of US antitrust policy, including the growing role of internet commerce.Antitrust regulations are historical and political as much as legal or economic. In Antitrust Policy Design, Herbert Hovenkamp engages the central antitrust issue today: the growing role of internet commerce. Protection of consumers and labor interests, says Hovenkamp, have always been the paramount concern of antitrust legislation....

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 pos...

**Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day.“A magnificent job of theoretical exposition.”—Ayn Rand**Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt wrote Economics in One Lesson

INTERNATIONAL BESTSELLERA powerful and persuasive discussion about economics, freedom, and the relationship between the two, from today's brightest economist.In this classic discussion, Milton and Rose Friedman explain how our freedom has been eroded and our affluence undermined through the explosion of laws, regulations, agencies, and spending in Washington. This important analysis reveals what has gone wrong in America in the past and what is necessary for ...

The #1 New York Times –bestselling author and politician presents his beliefs on how to save and protect America's economy and freedom.In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.Most people think of the Fed as an indispensable institution without which the country's econom...

In the debris of the financial crash of 2008, the principles of John Maynard Keynes -- that economic storms are a normal part of the market system, that governments need to step in and use fiscal ammunition to prevent these storms from becoming depressions, and that societies that value the pursuit of money should reprioritize -- are more pertinent and applicable than ever. In Keynes: The Return of the Master, Robert Skidelsky brilliantly synthesizes Keynes career and life, and of...

The classic by the renowned economist: "One of those rare works that forces a nation to re-examine its values" ( The New York Times).One of the New York Public Library's "Books of the Century"Hailed as a "masterpiece" ( St. Louis Post-Dispatch), this examination of the "economics of abundance" cuts to the heart of what economic security means (and doesn't mean) and lays bare the hazards of individual and societal complacence about economic...

To "fight for your rights," or anyone else's, is not just to debate principles but to haggle over budgets.The simple insight that all legally enforceable rights cost money reminds us that freedom is not violated by a government that taxes and spends, but requires it—and requires a citizenry vigilant about how money is allocated. Drawing from these practical, commonsense notions, The Cost of Rights provides a useful corrective to the all-or-nothing feel of ...

The legendary economist explains how a nation can remain both compassionate and fiscally sound, with "common sense raised to the level of genius" ( The New Yorker).This compact, eloquent book offers a blueprint for a workable national agenda that allows for human weakness without compromising a humane culture. Arguing that it is in the best interest of the United States to avoid excessive wealth and income inequality, and to safeguard the well-being of its...