Review of Industrial Organization 12: 447–455, 1997. 447 Book Review The Causes and Consequences of Antitrust. Fred S. McChesney and William F. Shughart II, editors. Chicago: University of Chicago Press, 1995, 392 pages, $66.00 (cloth), $32.95 (paper). This collection of papers, some previously published and some original to the volume, is something of a “readings” companion to the earlier Antftrust Policy and Interest Group Politics volume published by co-editor Shughart in 1990. Like the previous volume, this collection seeks to answer the questions, Why has the economic theory of regulation not been applied to antitrust enforcement? Why do even the Chicago-school originators of the economic theory of regulation continue to treat antitrust as a “public-interest” law whose enforcement can be improved by advancing the general state of knowledge and by educating judges and enforcers? And – more to the point in this volume, and a little petulantly – why, since the public-choice school has already demonstrated that antitrust enforcement is simply one more captured, special-interest-oriented, counterproductive government activ- ity, will the rest of the economics profession not accept this ﬁnding and join the ﬁght for repeal? The book is divided into ﬁve parts. Part one, “In Search of the
Review of Industrial Organization – Springer Journals
Published: Sep 29, 2004
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