When Economics met Antitrust: The Second Chicago School and the Economization of Antitrust Law - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue Enterprise and Society Année : 2015

When Economics met Antitrust: The Second Chicago School and the Economization of Antitrust Law

Résumé

We interrogate the legal and economic history to analyse the process by which the Chicago School of Antitrust emerged in the 1950s and became dominant in the United States. They show that the extent to which economic objectives and theoretical views shaped the inception of antitrust law. After establishing the minor influence of economics in the promulgation of U.S. competition law, they highlight U.S. economists’ caution toward antitrust until the Second New Deal and analyse the process by which the Chicago School developed a general and coherent framework for competition policy. They rely mainly on the seminal and programmatic work of Director and Levi (1956) and trace how this theoretical paradigm became collective—that is, the “economization” process in U.S. antitrust. Finally, the authors discuss the implications and possible pitfalls of such a conversion to economics-led antitrust enforcement.
Fichier non déposé

Dates et versions

halshs-01154814 , version 1 (24-05-2015)

Identifiants

  • HAL Id : halshs-01154814 , version 1

Citer

Patrice Bougette, Marc Deschamps, Frédéric Marty. When Economics met Antitrust: The Second Chicago School and the Economization of Antitrust Law. Enterprise and Society, 2015, 2015_2, 16 (2), pp.313-353. ⟨halshs-01154814⟩
98 Consultations
0 Téléchargements

Partager

Gmail Facebook X LinkedIn More