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Obama's Antitrust Agenda

Daniel A. Crane

University of Michigan Law School

September 2009

Regulation, Vol. 32, No. 3, pp. 16-20, Fall 2009

President Obama has vowed to reinvigorate U.S. antitrust enforcement, returning it to the “big is bad” legal philosophy of the early-20th century. That philosophy was displaced in mid-century by “Chicago school” legal theories that concluded that many business activities opposed by pre-Chicago law were actually good for consumers, incentivizing efficiency and lowering prices. In the past two decades, Chicago theories have been challenged by “post-Chicago” theories that, while accepting many of Chicago’s fundamental insights, assert that Chicago is overly permissive. Despite this clash between Chicago and post-Chicago thought in both academia and the judiciary, Obama’s antitrust goals are unlikely to succeed, as both Chicago and post-Chicago are highly skeptical of pre-Chicago views.

Number of Pages in PDF File: 6

Keywords: antitrust, Sherman Act

JEL Classification: D42, K21, L12, L40, L43

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Date posted: October 12, 2009  

Suggested Citation

Crane, Daniel A., Obama's Antitrust Agenda (September 2009). Regulation, Vol. 32, No. 3, pp. 16-20, Fall 2009 . Available at SSRN: http://ssrn.com/abstract=1485533

Contact Information

Daniel A. Crane (Contact Author)
University of Michigan Law School ( email )
625 South State Street
Ann Arbor, MI 48109-1215
United States
734-615-2622 (Phone)

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