Loyal readers know how much Blawgletter appreciates vigorous enforcement of antitrust laws. As the U.S. Supreme Court has said:
Antitrust laws in general, and the Sherman Act in particular, are the Magna Carta of free enterprise. They are as important to the preservation of economic freedom and our free-enterprise system as the Bill of Rights is to the protection of our fundamental personal freedoms. And the freedom guaranteed each and every business, no matter how small, is the freedom to compete – to assert with vigor, imagination, devotion, and ingenuity whatever economic muscle it can muster.
United States v. Topco Assocs., 405 U.S. 596, 610-11 (1972).
A new paper by Jonathan B. Baker, a Professor of Law at the Washington College of Law, expands on the virtues of antitrust laws as a key guardian of economic liberty. The paper’s title, Beyond Schumpeter v. Arrow: How Antitrust Fosters Innovation, hints at its grounding in economics. Blawgletter hopes you’ll check it out.