Abstract
One cannot fully comprehend the current enforcement stance of the Department of Justice and the Federal Trade Commission without some introductory comments about the underlying philosophies of Assistant Attorney General Baxter and Chairman Miller. Both are strong proponents and devoted followers of the so-called "Chicago school of economics." This relatively recent school of thought emphasizes one form of economic analysis, the neoclassical approach, and advocates that this approach be made the exclusive premise of antitrust enforcement. It is a school of thought whose basic assumptions are under substantial attack and whose methodology for analyzing the facts of real cases is open to serious question. To paraphrase the late Fred Rodell, there are only two things wrong with the Chicago school's philosophy: one is form, the other is substance.
Recommended Citation
Flynn, John J.
(1983)
""Reaganomics" and Antitrust Enforcement:
A Jurisprudential Critique,"
Utah Law Review: Vol. 1983:
No.
2, Article 1.
Available at:
https://dc.law.utah.edu/ulr/vol1983/iss2/1