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
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover 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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