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Competition Policy in America, 1888-1992 - History, Rhetoric, Law (Hardcover)
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Competition Policy in America, 1888-1992 - History, Rhetoric, Law (Hardcover)
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Americans have long appealed to images of free competition in
calling for free enterprise, freedom of contract, free labor, free
trade, and free speech. This imagery has retained its appeal in
myriad aspects of public policy--for example, Senator Sherman's
Anti-Trust Act of 1890, Justice Holmes's metaphorical marketplace
of ideas, and President Reagan's rhetoric of deregulation.
In Competition Policy in America, 1888-1992, Rudolph Peritz
explores the durability of free competition imagery by tracing its
influences on public policy. Looking at congressional debates and
hearings, administrative agency activities, court opinions,
arguments of counsel, and economic, legal, and political
scholarship, he finds that free competition has actually evoked two
different visions--freedom not only from oppressive government, but
also from private economic power. He shows how the discourse of
free competition has mediated between commitments to individual
liberty and rough equality--themselves unstable over time. This
rhetorical approach allows us to understand, for example, that the
Reagan and Carter programs of deregulation, both inspired by the
rhetoric of free competition, were driven by fundamentally
different visions of political economy.
Peritz's historical inquiry into competition policy as a series of
government directives, inspired by two complex yet distinct and
sometimes contradictory visions of free competition, provides an
indispensable framework for understanding modern political
economy-- whether political campaign finance reform, corporate
takeover regulation, or current attitudes toward the New Deal
Legacy. Competition Policy in America will be of great interest to
lawyers, historians, economists, sociologists, and policy makers in
both government and business.
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