Subscribe in a reader






Buy Conservative Advertising

Wikio - Top Blogs

Find the best blogs at Blogs.com.


Enter your email address:

Delivered by FeedBurner


No one but the author bears any responsibility for the non-advertising content on this blog. AND PLEASE NOTE: the author neither necessarily uses nor endorses any product advertised on this blog.

« "Germs Rule the World" | Main | "Where did all the bandits go? At one time, bank robberies were part of L.A.'s daily routine. Not so anymore." »

April 14, 2014

"The Essence of Antitrust and Regulation"

Don Boudreaux summarizes the unpleasant truth about antitrust:

Antitrust began in 1889, with the enactment of a dozen or so state statutes, as an effort to protect economically inefficient but politically influential producers (chiefly, local butchers) from the competition of more economically efficient but politically less popular producers (chiefly, the newly emergent Chicago meatpackers with their newfangled refrigerated railroad cars).  (See also here.)  The 1890 Sherman Act, at the national level, reflected this populist reaction against market-unleashed creative destruction.  The absurdity of antitrust reached its legislative zenith with the 1936 Robinson-Patman Act.

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

Powered by TypePad
Member since 07/2003

Shelfari: Book reviews on your book blog