The Limits of Antitrust and the Chicago School Tradition
George L. Priest
Yale University - Law School
Journal of Competition Law and Economics, Vol. 6, Issue 1, pp. 1-9, 2010
I situate Frank Easterbrook's article, The Limits of Antitrust, within the Chicago School antitrust tradition. I demonstrate the link between the article and the works of Aaron Director and Ronald Coase, in particular their emphasis (1) on the superior effect of markets to government attempts to correct monopoly behavior and (2) the expectation of judicial error. The Easterbrook article is shown to have extended the Director-Coase antitrust program.
Keywords: B20, B25, B31, K10, K21, L40
Date posted: March 29, 2010