Revenge: John Sherman, Russell Alger and the origins of the Sherman Act

  title={Revenge: John Sherman, Russell Alger and the origins of the Sherman Act},
  author={Patrick Newman},
  journal={Public Choice},
This paper argues that Senator John Sherman of Ohio was motivated to introduce an antitrust bill in late 1889 partly as a way of enacting revenge on his political rival, General and former Governor Russell Alger of Michigan, because Sherman believed that Alger personally had cost him the presidential nomination at the 1888 Republican national convention. When discussing his bill on the Senate floor and elsewhere, Sherman repeatedly brought up Alger’s relationship, which in reality was rather… 
Collusion and combines in Canada, 1880–1890
ABSTRACT It is a little-known fact that Canada adopted its own antitrust law one year before the landmark Sherman Antitrust Act of 1890. The Anti-Combines Act of 1889 (‘the Act’) was adopted after a
Personnel is Policy: Regulatory Capture at the Federal Trade Commission, 1914–1929
  • Patrick Newman
  • Economics, Political Science
    Journal of Institutional Economics
  • 2019
This paper uses the concept of “Personnel is Policy” to extend the theory of regulatory capture to the political appointment of agency commissioners. The “Personnel is Policy” theory provides three
The Political Economy of Lighthouses in Antebellum America
Lighthouses are the quintessential public goods and thus constitute a key illustration of market failure in need of government remedy. Considerable debates have been waged over whether optimal
Antitrust Populism: Theory
Public Interest or Public Choice? The Beef Trust and the 1906 Meat Inspection Act
This paper challenges the recent research of public interest historians and argues the evidence supports a public choice interpretation of the 1906 Meat Inspection Act. First, the Beef Trust’s


This year is the 100th anniversary of one of the most famous (or infamous depending on perspective) statutes in U.S. history: the Sherman Antitrust Act of 1890. This law banned business arrangements
According to Robert Bork's influential analysis, the Sherman Act was expressly instituted by the 51st Congress to advance consumer welfare, but has often been misinterpreted by federal courts handing
Legislative Intent and the Policy of the Sherman Act
  • R. Bork
  • Law, Economics
    The Journal of Law and Economics
  • 1966
DESPITE the obvious importance of the question to a statute as vaguely phrased as the Sherman Act, the federal courts in all the years since 1890 have never arrived at a definitive statement of the
Antitrust: The Case for Repeal
Most economists would, given the opportunity, offer some proposal to reform antitrust policy. Some would contend that this or that aspect of antitrust law should be eliminated or more weakly
The Letters of John Sherman and the Origins of Antitrust
This paper presents a survey of the letters of Senator John Sherman, who pushed for passage of the first federal antitrust law in the United States. By placing these letters in historical context,
An expressive voting model of anger, hatred, harm and shame
To consider some political implications of angry voters, we alter the standard expressive model in a fundamental way. One result is that an angry voter with a strong sense of shame at the thought of
Toward a More General Theory of Regulation
  • S. Peltzman
  • Economics
    The Journal of Law and Economics
  • 1976
In previous literature, George Stigler asserts a law of diminishing returns to group size in politics: Beyond some point it becomes counterproductive to dilute the per capita transfer. Since the
Public Choice III
This book represents a considerable revision and expansion of Public Choice II (1989). Six new chapters have been added, and several chapters from the previous edition have been extensively revised.
Original Intent and the Sherman Antitrust Act: A Re-examination of the Consumer-Welfare Hypothesis
  • C. Grandy
  • History
    The Journal of Economic History
  • 1993
An important tenet of the Chicago School of antitrust asserts that the Sherman Act's framers sought to foster consumer welfare. This article challenges that interpretation by re-examining the
The Progressive Era
• History 3 (A) Analyze political issues such as ... civil service reform, and Populism. • History 3(C) Analyze social issues affecting women, [and] the Social Gospel. • History 5(A) Evaluate the