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8 Jul 2023, 4:33 pm
The year of Paradox’s debut, 1978, arrived “during a peak era of antitrust enforcement”.[6] But by 2004, Professor Bork’s panegyric to maximizing “consumer welfare” had led the United States Supreme Court to pronounce “charging monopoly prices” not only not a crime but an “important element of the free-market system”.[7]Indeed, Bork’s valorization of a narrowly economic measure of consumer welfare as… [read post]
