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Vol 21 No 10 Oct/Nov 2016

Book of the Month

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Criminal Injuries Compensation Claims

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Antitrust Law 2nd ed

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Richard A. PosnerSenior Lecturer in Law, University of Chicago Law School, USA

ISBN13: 9780226675763
ISBN: 0226675769
Published: December 2001
Publisher: The University of Chicago Press
Format: Hardback
Price: £45.00



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When it was first published a quarter of a century ago, Richard A. Posner's exposition and defence of an economic approach to antitrust law was a jeremiad against the intellectual disarray that then characterized the field. As other perspectives on antitrust law have fallen away, Posner's book has played a major role in transforming the field of antitrust law into a body of economically rational principles largely in accord with the ideas set forth in the first edition. Today's antitrust professionals may disagree on specific practices and rules, but most litigators, prosecutors, judges and scholars agree that the primary goal of antitrust law should be to promote economic welfare, and that economic theory should be used to determine how well business practices conform to that goal.;In this thoroughly revised edition, Posner explains the economic approach to new generations of lawyers and students. He updates and amplifies his approach as it applies to the developments, both legal and economic, in the antitrust field since 1976. The ""new economy"", for example, has presented a host of difficult antitrust questions, and in an entirely new chapter, Posner explains how the economic approach can be applied to new industries, such as software manufacturers, Internet service providers and those that provide communications equipment and services.;""The antitrust laws are here to stay"", Posner writes, ""and the practical question is how to administer them better - more rationally, more accurately, more expeditiously, more efficiently"". This fully revised classic should continue to be a standard work in the field.

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