Chicago antitrust reformers rejected per se illegality for exclusionary business practices
Evidence
Essentially, Director and Levi (1956) demonstrated an unprecedented skepticism about the extension of monopoly power via exclusionary practices, such as tying arrangements or price discrimination, and a concomitant disdain for adjudication or legislation that regarded these practices as per se deleterious or per se illegal. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1082
Categorization
- DEFINE: Clarifies the distinctive Chicago antitrust stance: skepticism toward exclusionary-practice claims and toward per se rules.
- XREF: connects to: Chicago School antitrust argued monopoly power could not spread via listed abusive practices — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1132; Chicago economic theory was to displace fair-conduct rules as the basis for antitrust decisions — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1147; Post-1911 antitrust law turned against ordinary practices without requiring monopoly size — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1137 (+1 more)
Broader Connections
- Chicago School antitrust argued monopoly power could not spread via listed abusive practices
#corroborates(0.90) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1132 - Chicago economic theory was to displace fair-conduct rules as the basis for antitrust decisions
#corroborates(0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1147 - Antitrust law’s presumptions cannot be isolated from prevailing economic theory
#expands(0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1146 - Post-1911 antitrust law turned against ordinary practices without requiring monopoly size
#contradicts(0.75) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1137