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Antitrust Paradox
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Shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. Bork sees antitrust law as a microcosm which reflects the larger movements of our society, such as the tension between liberty and equality.
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Product details
Paperback: 479 pages
Publisher: Free Press; First Edition edition (January 31, 1993)
Language: English
ISBN-10: 0029044561
ISBN-13: 978-0029044568
Product Dimensions:
5.5 x 1.1 x 8.5 inches
Shipping Weight: 1.2 pounds
Average Customer Review:
3.6 out of 5 stars
8 customer reviews
Amazon Best Sellers Rank:
#615,907 in Books (See Top 100 in Books)
One of the most important books on antitrust law in the Twentieth Century. A catalyst for a major revolution in antitrust thinking and approach that was truly fundamental. Consumer welfare then began to to be the leading principle, trumping the former "big is bad", simplistic analysis that had plagued antitrust law too often.
Bork sets, in an amazing and clear way, the complicationts antitrust policy deal with. And despite the book was written decades ago, the issues Bork states are still unsolved. Definitely, a classical anti trust book.
This book is an eye opener on Antitrust and the gov't abuse of it and the court's misunderstanding of economics and the intent of the law.
Good price and excellent product. Matched advertisement. Why do I need any more words? Why is this not all OK?
In the Antitrust Paradox, Judge Robert H. Bork gives a fascinating, though demanding, review of the most important antitrust issues in the United States. The central, pragmatic thesis of Bork is maximization of consumer welfare (also called economic efficiency) and not the protection of small businesses in addressing any antitrust issue. Unfortunately, the legislative, executive and judiciary branches of power as well as the practicing bar have not always shown consistency in making, interpreting, and applying antitrust rules. The main reason for their shared sub-optimal performance in that area is the too-often absence of a rudimentary understanding of market economics according to Bork. As a practicing marketer and lawyer, I agree with his observation. Law and economics are two complementary disciplines that should be taught together as part of the academic requirements or at least whose teaching could be made optional at the undergraduate level in our universities.
The Antitrust Paradox is the most important book on antitrust ever written. It is a scholarly, yet accessible, examination of the nation's antitrust laws, the history and policies behind them, and their application from their inception to today. Through the book and the policies advanced in it, Judge Bork has had a profound impact on antitrust scholarship and practice. As a result, the book is essential reading for antitrust practitioners, scholars, and those having any interest in the subject. Truly a seminal work.
When you read this book, keep in mind Bork sold out to the populist critics of Microsoft for a fee, and repudiated this book. Which proves that economic theory is great at the macro level, but, at the micro level, game theory beats out.This is why gains for many are cancelled out by gains for a few that are willing to lobby government (or serve as expensive consultants to their paymasters, as in the case of Bork)And why economics is but an extension of politics, and, at the end of the day, even inefficient economics can propigate for years, decades, centuries and even millinieums (India, China).
Bork's argument is that the regulation of monopoly power by Antitrust Laws is the same as abridging free speech under the First Amendment to the Constitution. Nonsense. It deserves ZERO stars.
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