An indictment of antitrust policy, illustrating that the laws have not been employed against monopolies, but have been used to restrain and restrict the competitive process.

Antitrust and Monopoly: Anatomy of a Policy Failure

Armentano, Dominick T.

Rules & Procedures

John Wiley&Sons

Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? 
In this pioneering study, Professor Armentano thoroughly researches the classic cases in antitrust law and demonstrates an enormous gap between the stated aims of antitrust law and what it actually accomplishes in the real world. 
Instead of protecting competition, Professor Armentano argues, antitrust law actually protects certain politically-favored competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions.
If you have already read the author's shorter works or monographs, you will certainly appreciate the detail of this full-length argument that deals with the technical issues concerning the neoclassical model, and provides a lengthy look at the primary body of case law that impacts on antitrust today. This book is what is necessary to not only back his radical position but also to provide a necessary counterweight to the neoclassical literature. 
This book is an important work in the American Austrian tradition. It employed the theoretical apparatus constructed by Murray Rothbard to the American history of antitrust case law: a masterful unity of theory and history. For this reason, it is an absolutely essential work for any economics student studying in the Austrian tradition. 
312 pages; softcover. 2nd edition, 1996.

Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy)

Business & Money

Economics

Holmes & Meier Pub

Dust jacket notes: "Dr. Armentano, a young associate professor of economics at the University of Harford, challenges an America sacred cow - the antitrust laws. 'Like all sacred cows,' he writes, 'antitrust laws are shrouded with an aura of authenticity. The prevailing view is that without these laws, a free, competitive economic system could not long endure, and that these laws protect the public from potentially exploitative business monopolies.' This is all balderdash, he declares, and he proves his point by an empirical and definitive study of the classic antitrust cases. The Myths of Antitrust represents the only comprehensive attack on the entire body of antitrust in existence. Armentano tackles the myths head-on. He demonstrates that the accused corporations were not raising prices, reducing outputs, producing shoddy products, colluding with competitors, or driving rivals from the market through predatory practices. He exposes court decisions based on ideology and economic fantasy, judging antitrust cases instead on the basis of the actual economic performance of the accused companies. Outlining the operations of the free-market system, Armentano discusses the theoretical tools that economists employ to measure competition and monopoly. He examines the important sections of the antitrust laws, some rationalizations for government intervention, and two early antitrust cases. He then proceeds to an account of the role played by Standard Oil of New Jersey in the early petroleum industry, and the famous antitrust action against the Standard Oil Company. Armentano's trailblazing narrative includes histories and accounts of antitrust actions against the American Tobacco Company, U.S. Steel, Alcoa, and the United Shoe Machinery Corporation. He critically examines the theory of price fixing and some of the classic price-fixing cases, including the electrical equipment conspiracy of the late 1950s...."

The Myths of Antitrust: Economic Theory and Legal Cases

Arlington House

This 100-page tour de force rips the intellectual cover off antitrust regulation to reveal it for what it is: a bludgeon used by businesses against their competitors. Unlike some critics, Professor Armentano carries the logic of his analysis to fullest possible length: "My position on antitrust has never been ambiguous," he writes. "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed. The antitrust apparatus cannot be reformed; it must be abolished." Professor Armentano begins with the most rigorous and revealing account of the Microsoft antitrust battle to appear in print. He further discusses other recent cases, including Toys `R' Us, Staples, and Intel, as well as many historical cases. He covers nearly every conceivable rationale for antitrust, including price fixing, tie ins, vertical and horizontal mergers, and many more. This is a crucially important work in our new era of antitrust enforcement. This 2nd edition is newly revised (1999) and includes a new treatment of Murray Rothbard's contributions to the theory of monopoly and competition. Finally, this is the only book in print on antitrust and the Microsoft case that calls for the repeal of all antitrust.

Antitrust Policy: The Case for Repeal

Politics & Social Sciences

Social Sciences

Cato Inst

An indictment of antitrust policy, illustrating that the laws have not been employed against monopolies, but have been used to restrain and restrict the competitive process.

Independent Institute

LARGE PRINT EDITION! More at LargePrintLiberty.com This 100-page tour de force rips the intellectual cover off antitrust regulation to reveal it for what it is: a bludgeon used by businesses against their competitors. Unlike some critics, Professor Armentano carries the logic of his analysis to fullest possible length:"My position on antitrust has never been ambiguous," he writes. "All of the antitrust laws and all of the enforcement agency authority should be summarily repealed. The antitrust apparatus cannot be reformed; it must be abolished."Professor Armentano begins with the most rigorous and revealing account of the Microsoft antitrust battle to appear in print. He further discusses other recent cases, including Toys `R' Us, Staples, and Intel, as well as many historical cases. He covers nearly every conceivable rationale for antitrust, including price fixing, tie ins, vertical and horizontal mergers, and many more.This is a crucially important work in our new era of antitrust enforcement. This 2nd edition is newly revised (1999) and includes a new treatment of Murray Rothbard's contributions to the theory of monopoly and competition.Finally, this is the only book in print on antitrust and the Microsoft case that calls for the repeal of all antitrust.

Antitrust: The Case for Repeal (Large Print Edition)

CreateSpace Independent Publishing Platform

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Books by Armentano, Dominick T.

See the best price to sell, buy, or rent books by Armentano, Dominick T.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Antitrust and Monopoly: Anatomy of a Policy Failure

Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy)

The Myths of Antitrust: Economic Theory and Legal Cases

Antitrust Policy: The Case for Repeal

Antitrust and Monopoly: Anatomy of a Policy Failure (Independent Studies in Political Economy)

Antitrust: The Case for Repeal (Large Print Edition)