Antitrust After the Interception: Of a Heroic Returner and Myriad Paths

Abstract:     
This piece reviews Richard Posner's revision of his seminal work, Antitrust Law. It analyzes Judge Posner's success in updating the original work to account for developments in antitrust law and theory in the past 25 years.

The review contends that Judge Posner succeeds in his explanation of the economic approach to antitrust and his focus on the issues presented by the new economy. It also maintains that the author does not sufficiently grapple with developments in the past 25 years, in particular, theories offered by the Post-Chicago School. Finally, it critiques Judge Posner's numerous proposals for improving antitrust law, concluding that they are not sufficiently developed and not calibrated to the need for revision.

Number of Pages in PDF File: 15

JEL Classification: L4, L40, K21, O31

Accepted Paper Series