Book contents
- Reforming Antitrust
- Reforming Antitrust
- Copyright page
- Dedication
- Contents
- Tables
- Acknowledgments
- Introduction
- Part I Antitrust Today
- Part II The Case for Change
- 4 Warning Signs in the Economy
- 5 A Liberal Call to Arms, But Is Deconcentration the Answer?
- 6 Testing the Neo-Brandeisian Vision
- Part III Antitrust Reform
- Index
5 - A Liberal Call to Arms, But Is Deconcentration the Answer?
from Part II - The Case for Change
Published online by Cambridge University Press: 18 August 2021
- Reforming Antitrust
- Reforming Antitrust
- Copyright page
- Dedication
- Contents
- Tables
- Acknowledgments
- Introduction
- Part I Antitrust Today
- Part II The Case for Change
- 4 Warning Signs in the Economy
- 5 A Liberal Call to Arms, But Is Deconcentration the Answer?
- 6 Testing the Neo-Brandeisian Vision
- Part III Antitrust Reform
- Index
Summary
Louis Brandeis, the distinguished Supreme Court jurist, championed the anti-monopoly movement of the early 1900s. Deeply hostile to consolidation, he made an impassioned case for breaking up trusts. He identified a litany of sins associated with monopolistic largesse – problems ranging from the inefficiencies inherent in sprawling enterprise to coddled monopolists’ dampened incentive to innovate. Justice Brandeis did not pose the issue simply in economic terms. Rather, he framed antitrust intervention as being essential to preservation of democracy itself. His writings on competition policy were profoundly influential. Indeed, he bore partial responsibility for the Federal Trade Commission’s formation in 1914.
- Type
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- Information
- Reforming Antitrust , pp. 137 - 173Publisher: Cambridge University PressPrint publication year: 2021