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The Limits Of Antitrust And The Chicago School Tradition

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  • George L. Priest

Abstract

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.

Suggested Citation

  • George L. Priest, 2010. "The Limits Of Antitrust And The Chicago School Tradition," Journal of Competition Law and Economics, Oxford University Press, vol. 6(1), pages 1-9.
    • Handle: RePEc:oup:jcomle:v:6:y:2010:i:1:p:1-9.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhp027
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    Cited by:

    1. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    2. George L. Priest, 2014. "Bork's Strategy and the Influence of the Chicago School on Modern Antitrust Law," Journal of Law and Economics, University of Chicago Press, vol. 57(S3), pages 1-17.

    More about this item

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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