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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 246.76-0.5%Nov 14 9:30 AM EST
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To: fastpathguru who wrote (241444)9/29/2007 11:38:41 AM
From: WindsockRead Replies (2) of 275872
 
You seem to believe that the thoughts of one economics professor are the only definition that matters to prove that the protection of competition is *the* purpose of the antitrust law. This is rather absurd.

A single page article not even authored by Franklin Fisher, most certainly does not represent the unanimous and only economic theory on the purpose of antitrust laws.

Antitrust law is a complex subject that evolves over time. Finding a few phrases in a shallow treatment of a subject is a poor substitute for logical thinking.

You scream for links to support the idea that the purpose of antitrust laws is to protect consumers. Here is a link for you:

publicknowledge.org

"The enhancement of consumer welfare is widely-regarded as a fundamental purpose of the antitrust laws." see page 1 (citing works by Robert Bork who has a tad more knowledge about the law than an MIT economics professor)

Since you are so hot for the views of a professor, here is a view of a different professor that the antitrust laws "foster [monopolies] by limiting competition."

quebecoislibre.org

An extreme view for sure, but no more extreme than the sophomoric notion that your idea is the only correct position. A little bit of knowledge is a dangerous thing.
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