Is it the central purpose of American antitrust policy to
encourage decentralization of economic power? Or is it to promote
"consumer welfare"? Is there a painful trade-off between market
dominance and economic "efficiency"? What is the proper role of
government in this area? In recent years the public policy debate
on these core questions has been marked by a cacophony of divergent
opinions--theorists against empiricists, apostles of the "new
learning" against defenders of the traditional
structure-conduct-performance paradigm, "laissez-faire" advocates
against "interventionists." Utilizing a distinctively innovative
format, Walter Adams and James Brock examine these issues in the
context of a courtroom dialogue among a proponent of the new
learning (Chicago School), a prosecuting attorney, and a U.S.
district judge. In contrast to bloodless "scientific" treatises or
ideologically inspired polemical tracts, this book lays bare the
central arguments in the debate about free-market economics and the
latent assumptions and disguised terminology on which those
arguments are based. The dialogue is both gripping and
entertaining--designed by the authors to be reminiscent at times of
the Theater of the Absurd.
Originally published in 1991.
The Princeton Legacy Library uses the latest print-on-demand
technology to again make available previously out-of-print books
from the distinguished backlist of Princeton University Press.
These paperback editions preserve the original texts of these
important books while presenting them in durable paperback
editions. The goal of the Princeton Legacy Library is to vastly
increase access to the rich scholarly heritage found in the
thousands of books published by Princeton University Press since
its founding in 1905.
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