Review by Choice Review
Adams and Brock, employing an unusual dialogue format and a courtroom setting, present an informative, balanced, and even entertaining discussion of the roles of antitrust policy in a market economy. The volume contains " and exchanges between the expert witness, an economist and advocate of the " (i.e., the Chicago School of law and economics), and the prosecuting attorney, in the context of contemporary issues, landmark antitrust cases, and the writings of laissez-faire advocates such as Bork, Friedman, Stigler, Becker, Buchanan, and Posner. They cover the scope and applications of price theory, alleged predatory behavior, mergers (horizontal, vertical, and conglomerate) and corporate takeovers, contestable markets, and economic power. The treatment is somewhat contrived, simplified, and far too brief (though the references are excellent), but it is very effective and, given the current economic climate and events of the 1980s, certainly timely. The book constitutes both a good teaching tool and enjoyment for general audiences, students, legal scholars and practitioners, and professional economists. A. R. Sanderson University of Chicago
Copyright American Library Association, used with permission.
Review by Choice Review
