The responses of Jonathan Baker, Eleanor Fox, and Herb Hovenkamp helpfully focus the terms of the debate in my new paper with Filippo Lancieri and Luigi Zingales. But none of them challenges our key claim that starting in the 1970s, big business seized upon, funded, and advanced antitrust skepticism that emanated prominently from the Chicago School, and more broadly from economic ideas and habits of mind.

Let’s go over the five main claims in our paper.

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