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Technology Stocks : How high will Microsoft fly?
MSFT 511.36+0.5%Nov 12 3:59 PM EST

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To: Frank Ellis Morris who wrote (34385)11/19/1999 5:36:00 PM
From: DJ  Read Replies (1) of 74651
 
Richard Posner--even prior to becoming a federal appellate judge--was an academic giant for inventing the modern field of "law and economics," or the use of economic principles to explain and analyze law. He taught at the University of Chicago for years and was (to put it mildly) an innovative thinker on such wide-ranging issues as criminal law, divorce and family law, and virtually all regulatory issues. His scholarship has continued since he became a judge.

His views on antitrust will reflect the "performance" theory of antitrust favored by free market types, not the older "structure" theory which characterized antitrust thinking until William Baxter became Assistant Attorney General for Antitrust under Reagan.

Bottom line: Microsoft should trust this guy. It's unclear whether Joel Klein et al will want to follow Posner's instincts.
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