Laws

Industrial organization economists have caused antitrust to cling to an antiquated and disproven economic theory.

Welfare economists and moral philosophers have shown that the Consumer Welfare Standard is biased in favor of wealthy individuals and corporations—the very powers the antitrust law is supposed to regulate.

Who owns knowledge?

Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

Current tests for mergers are in practice deeply flawed.

Antitrust econometrics relies on often-implausible assumptions

The contrasting ideologies at play in this tech sector mirror the conflicting ideologies in economics

Despite the accumulation of serious and unsolvable problems, the Consumer Welfare Standard survives and continues to be taught to students for reasons unrelated to theoretical consistency and empirical confirmation.

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.

Economist Cristina Caffarra, a leader in competition and antitrust, warns that ever-expanding tech giants raise concerns about the extent of their power.

The Consumer Welfare Standard of antitrust is outdated and defective

The Consumer Welfare Standard of antitrust is outdated and defective

Conservative legal theory is based on a shoddy definition of what constitutes “efficiency”

Conservative legal theory is based on a shoddy definition of what constitutes “efficiency”

Over and over again, US government policies designed to transfer and create wealth and economic opportunity were restricted to whites by design.