3 ms·
I've been reading The Economist's Hour by Binyamin Applebaum[1], which presents the dramatic changes of antitrust interpretation in some depth. Recommended read
by NeedMoreTea 7y ago
I've been reading The Economist's Hour by Binyamin Applebaum[1], which presents the dramatic changes of antitrust interpretation in some depth. Recommended read btw.
Bork credited Aaron Director, one of the first generation of the Chicago School and Friedman's brother in law, as his main influence. So making the consumer and efficiency the focus can be considered an early casualty of the wave of neoliberal deregulation we've been living with for decades.
Of course what is not considered is impact on workers, innovation, political power, market etc. Essentially it's hollowed out to benefit large business.
[1] https://www.economist.com/books-and-arts/2019/08/31/when-economists-ruled-the-world https://www.economist.com/books-and-arts/2019/08/31/when-eco...
- mooreds 7y agoYou might enjoy this podcast interview with Applebaum: https://www.econtalk.org/binyamin-appelbaum-on-the-economists-hour/ https://www.econtalk.org/binyamin-appelbaum-on-the-economist...
- NeedMoreTea 7y agoThanks for that, a marvellous listen! Really refreshing to hear two knowledgeable people who disagree on so many of the conclusions having such an engaging and positive conversation. Then find shared common ground so easily with both good at staying on point. Nice to hear he had a high opinion of the book too -- outside those conclusions drawn. I'd have quite liked them to keep going... :)