Industry Reviews
"Chairman Pitofsky's timely book teaches us important truths about antitrust. This book convincingly rebuts the Chicago School approach to economics and competition policy while reminding us that the antitrust laws, when effectively applied, are robust tools that enhance competition and benefit consumers. Chairman Pitofsky and the other distinguished contributors provide a badly needed counterpoint to the excesses of Chicago School economic theory that has led
to an overly hands-off and lifeless approach to antitrust enforcement in recent years. This excellent volume should be studied by all those who care about competition policy."--Senator Herb Kohl
"Into the grand antitrust debate between Warren Court advocates, on the one hand, and the treatises and court opinions out of the Chicago School tradition, on the other, comes finally a voice of reasoned moderation--or rather a full-throated chorus of such voices. With a clear-eyed regard for the paramount importance of consumer welfare a the central governing principle of antitrust enforcement, this collection of essays deserves to be read carefully by
practitioners, academics and politicians--but especially-- and exceedingly carefully--by federal judges all across the country, not least of all by the current justices of the U.S. Supreme Court."--John
Shenefield, Former Assistant Attorney General for Antitrust
"When they asserted efficiency as the new benchmark of antitrust, the scholars of Chicago paved the way to very welcome developments. But efficiency is more and more treated as an ideology and therefore it leads to forgetting the facts and restoring presumptions. If avoiding false positives becomes the priority of antitrust, how many real negatives will receive undeserved immunity? The questions raised by this book are no less timely than those raised by those
scholars forty years ago and deserve no less attention from practitioners, academics and judges all over the world. I am confident that some copies of it will also be available in the library of the
U.S. Supreme Court."--Giuliano Amato, Former Prime Minister of Italy
"This collection of essays--by lawyers and economists, many of whom are former antitrust enforcement officials--will generously reward a close read by anyone who is interested in the current intellectual state of antitrust thinking. As largely a critique of recent legal decisions and of recent enforcement, these essays are likely to form the basis for new directions for antitrust in the coming decade."--Lawrence J. White, Professor of Economics, NYU Stern
School of Business
"Chairman Pitofsky's timely book teaches us important truths about antitrust. This book convincingly rebuts the Chicago School approach to economics and competition policy while reminding us that the antitrust laws, when effectively applied, are robust tools that enhance competition and benefit consumers. Chairman Pitofsky and the other distinguished contributors provide a badly needed counterpoint to the excesses of Chicago School economic theory that has led
to an overly hands-off and lifeless approach to antitrust enforcement in recent years. This excellent volume should be studied by all those who care about competition policy."--Senator Herb Kohl
"Into the grand antitrust debate between Warren Court advocates, on the one hand, and the treatises and court opinions out of the Chicago School tradition, on the other, comes finally a voice of reasoned moderation--or rather a full-throated chorus of such voices. With a clear-eyed regard for the paramount importance of consumer welfare a the central governing principle of antitrust enforcement, this collection of essays deserves to be read carefully by
practitioners, academics and politicians--but especially-- and exceedingly carefully--by federal judges all across the country, not least of all by the current justices of the U.S. Supreme Court."--John
Shenefield, Former Assistant Attorney General for Antitrust
"When they asserted efficiency as the new benchmark of antitrust, the scholars of Chicago paved the way to very welcome developments. But efficiency is more and more treated as an ideology and therefore it leads to forgetting the facts and restoring presumptions. If avoiding false positives becomes the priority of antitrust, how many real negatives will receive undeserved immunity? The questions raised by this book are no less timely than those raised by those
scholars forty years ago and deserve no less attention from practitioners, academics and judges all over the world. I am confident that some copies of it will also be available in the library of the
U.S. Supreme Court."--Giuliano Amato, Former Prime Minister of Italy
"This collection of essays--by lawyers and economists, many of whom are former antitrust enforcement officials--will generously reward a close read by anyone who is interested in the current intellectual state of antitrust thinking. As largely a critique of recent legal decisions and of recent enforcement, these essays are likely to form the basis for new directions for antitrust in the coming decade."--Lawrence J. White, Professor of Economics, NYU Stern
School of Business
"Taken as a whole, the book makes a forceful argument that the many positive contributions of the Chicago school have been overshadowed by an increasingly conservative laissez faire view of antitrust in the federal agencies and the courts. The results of this change have been an emphasis of theory over empirical evidence and a deliberate choice among confl icting economic theories and evidence, rather than a consensus about that theory and evidence. For me,
this was the best and most provocative antitrust book of 2008."
--Spencer Weber Waller, Loyola University Chicago, School of Law
