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Antitrust, the Rule of Reason, and Democracy

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Abstract

Professor Barnes responds to William Curran's fictional dialogue between Senator John Sherman and philosopher John Rawls, with a fictional letter from Supreme Court Justice William O. Douglas. Professor Barnes discusses the importance of the anarcho-socialist movement of the late nineteenth century to the adoption of the Sherman Act, the historical and logical inevitability of adoption of a rule of reason in antitrust law, the relevance of efficiency to the rule of reason, and the relationship between competition and the promotion of democratic ideals.

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References

  • Curran, William J., III (1990) ‘After 100 Years: A Disquieting Discourse of Poverty and Wealth’ New York Law School Law Review, 35, 1031–1045.

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  • Elzinga, Kenneth G. (1977) ‘The Goals of Antitrust: Other than Competition and Efficiency, What Else Counts?’ University of Pennsylvania Law Review, 125, 1191–1213.

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  • Kintner, Earl W., ed. (1978) The Legislative History of the Federal Antitrust Law and Related Statutes.

  • Pitofsky, Robert (1979) ‘The Political Content of Antitrust’ University of Pennsylvania Law Review, 127, 1051–1075.

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Barnes, D.W. Antitrust, the Rule of Reason, and Democracy. Review of Industrial Organization 14, 115–122 (1999). https://doi.org/10.1023/A:1007789816578

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  • DOI: https://doi.org/10.1023/A:1007789816578

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