Chicago's Best Ideas with Randal Picker: The Limits of Antitrust
In 1984, Frank Easterbrook published his well-known article The Limits of Antitrust. The paper was written as part of the rise of what is often referred to as the Chicago School and its embrace of the consumer welfare standard. Today, Chicago School ideas are being pushed to the side in Washington. In this talk, we will revisit the original article before turning to some broad questions. What should be the limits of antitrust? What should we try to accomplish with antitrust and what problems are best addressed elsewhere?
This Chicago's Best Idea was presented on April 25, 2023.