Remembrance of Things Past: Antitrust, Ideology, and the Development of Industrial Economics

  title={Remembrance of Things Past: Antitrust, Ideology, and the Development of Industrial Economics},
  author={Stephen Martin},
  journal={Contributions to economic analysis},
  • Stephen Martin
  • Published 1 April 2007
  • Economics
  • Contributions to economic analysis

Old lady charm: explaining the persistent appeal of Chicago antitrust

The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in American courts. While the approach has been almost completely

Competition vs. Property Rights: American Antitrust Law, the Freiburg School and the Early Years of European Competition Policy

The goal of the paper is to investigate the extent of the influence of American antitrust tradition on the foundation and early years of European competition policy. This as part of a wider research

Games judges don’t play: predatory pricing and strategic reasoning in US antitrust

The paper analyzes the last three decades of debates about predatory pricing in US antitrust law, starting from the literature that followed Areeda and Turner’s 1975 landmark paper and ending in the

Forensic Economics: An Introduction with Special Emphasis on Price Fixing

This paper aims at explaining accepted methods of forensic analysis and how forensic economics is used in the context of competition-law enforcement. Illustrations are drawn from ancient and modern

The United States Department of Justice Antitrust Division's Cartel Enforcement: Appraisal and Proposals

This paper evaluates the effectiveness of the efforts of the Antitrust Division of the U.S. Department of Justice to detect, indict, and deter horizontal collusion during 1990-2007 and offers policy

Horizontal, Vertical, and Conglomerate Mergers

The immediate and most dramatic way for a company to expand its size and influence market structure is to purchase another company. Historical examples abound. In the late 1800s, Standard Oil Company

An Economic Assessment of EC Merger Control : 1958-2007 by

This paper provides an assessment of EC merger policy from three perspectives. First, it places the evolution of merger policy alongside the evolution of economic ideas in relation to competition and

Three Alternative (?) Stories on the Late 20th-Century Rise of Game Theory

The paper presents three different reconstructions of the 1980s boom of game theory and its rise to the present status of indispensable tool-box for modern economics. The first story focuses on the

An Economic Assessment of EC Merger Control: 1957-2007

This paper provides an assessment of EC merger policy from three perspectives. First, it places the evolution of merger policy alongside the evolution of economic ideas in relation to competition and

The Sources of Monopoly Power Before Bain (1956)

The purpose of this article is to show that there is a gap in the literature on the sources of monopoly power. It looks at the literature on the history of different topics (Industrial Organization,



Antitrust and the New Industrial Economics

My assignment here is to assess the implications of recent theoretical work in industrial economics for antitrust in the United States. I don't have space enough to present a comprehensive survey of

Comment on Stigler and Friedland, "The Literature of Economics: The Case of Berle and Means"

  • D. North
  • Economics
    The Journal of Law and Economics
  • 1983
WE may conceive of the importance of the Berle and Means study as either (a) demonstrating to economists that the separation of ownership and control had important implications for the performance of

The Economists and the Problem of Monopoly

For much too long a time, students of the history of the American antitrust policy have been at least mildly perplexed by the coolness with which American economists greeted the Sherman Act. Was not

Economics as a Guide to Antitrust Regulation: Comment

Demsetz' offers a varied menu of statistical experiments, theoretical speculations, and thoughtful advice. I find all of it interesting, but I remain unconvinced. The statistical experiments suggest

The Methodology of Positive Economics

Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its

A Contractarian Paradigm for Applying Economic Theory

The object for economists' research is "the economy," which is, by definition, a social organization, an interaction among separate choosing entities. I return deliberately to this element in our

The Organization of Industry

The Organization of Industry collects essays written over two decades—pieces prepared especially for this volume, previously unpublished material, and reprinted articles drawn from numerous sources,

Chicago Economics: Permanence and Change

M Y PERCEPTION of Chicago economics is that of participant-observer. As a working economist at Chicago, I have observed other members of the tribe at close hand, and have obtained their critical

Industrial Organization: The Role and Contribution of Econometrics

Industrial organization traditionally has been one of the more empirically-oriented branches of economics. Many of the hypotheses peculiar to it have been inductively derived (e.g., the Berle and

The Organization of Industry and the Theory of Prices

  • A. Burns
  • Economics
    Journal of Political Economy
  • 1937
T HE sad state of our knowledge concerning the operation of the industrial system is beyond dispute. The system is widely criticized, but largely in terms of its failure to retain forever the gay