Antitrust law: the Magna Carta of the free enterprise system
Article Abstract:
Paul Rand Dixon, Pres Kennedy's FTC Chairman, referred to US antitrust laws as the Magna Carta of capitalism, because he believed these laws ensured economic and personal freedom. He saw antitrust law as a complement to laissez-faire capitalism and the teachings of Adam Smith. According to Dixon, Marx saw only the potential greed in capitalism, but failed to see capitalist societies, such as the US, could help themselves by enacting laws to prevent monopolies. Dixon believed fair competition and antitrust law would promote economic efficiency and fair prices, thereby benefitting society.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1996
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An antitrust stumble on the road to the Supreme Court: the Breyer case
Article Abstract:
The choice of Stephen G. Breyer, US Court of Appeals for the 1st Circuit Judge, as Pres. Clinton's nominee for the position on the US Supreme Court being vacated by Byron White would be contrary to Clinton's proposed economic policies. Breyer is supportive of consolidation and big business and shares this antitrust philosophy with Robert Bork and Supreme Court Justice Antonin Scalia. Clinton's belief that small business is a source of economic growth and efficiency for the US economy would be frustrated by placing a right-wing economic ideologue on the Court.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1992
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Antitrust and freedom to compete: the instructive case of 'Mr. Little' and his 18% price handicap
Article Abstract:
Paul Rand Dixon, Pres Kennedy's FTC Chairman, believing monopolies destroyed purchasing power and caused unemployment, favored strong antitrust laws as a way to ensure economic freedom and fair competition. He saw his FTC as the guardian of fair competition by its enforcement of antitrust law. As an example of the need for such laws, he would describe the plight of 'Mr. Little,' a small businessman trying to overcome the unfair practices of his competitors.
Publication Name: Antitrust Law and Economics Review
Subject: Law
ISSN: 0003-6048
Year: 1996
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