The Making of Competition Policy: Legal and Economic Sources

Daniel Crane, Herbert Hovenkamp

This book provides edited selections of primary source material in the intellectual history of competition policy from Adam Smith to the present day. Chapters include classical theories of competition, the U.S. founding era, classicism and neoclassicism, progressivism, the New Deal, structuralism, the Chicago School, and post-Chicago theories. Although the focus is largely on Anglo-American sources, there is also a chapter on European Ordoliberalism, an influential school of thought in post-War Europe. Each chapter begins with a brief essay by one of the editors pulling together the important themes from the period under consideration.

Students of antitrust learn about defining cases and underlying economics but little of its history. This unique collection addresses this gap. Editors Crane and Hovenkamp provide informative introductions to 12 groups of readings from Colonial times through the Progressive Era and to structural, Chicago-school, and post-Chicago approaches. This publication could valuably supplement policy history courses and antitrust courses in law schools. Highly recommended. Students, upper-division undergraduate and up; faculty; antitrust practitioners." - CHOICE

"The volume does represent an invaluable addition to the antitrust literature and a very useful reference for the whole antitrust community." - Nicola Giocoli, HISTORY OF ECONOMIC THOUGHT