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To: Charles Hughes who wrote (22939)	3/10/1999 12:29:00 AM
From: Gerald R. Lampton	Read Replies (1) \| Respond to of 24154

The last* thing I want is some dweeb of an economist telling me how things should be valued, regulated, or run.* Then I guess you want Microsoft to win this case. Because if it loses, what you are going to get is some dweeb of an economist telling you how to run the software industry. Not that all economists agree with these types from Chicago and the tame Cato PR school. Actually, Carl Menger isn't from Chicago. He was one of the fathers of modern neoclassical economics, the same neoclassical economics the DOJ's experts rely on when they try to explain the behavior of monopolists like Microsoft, the same neoclassical economics whose concepts of consumer welfare maximization lie at the heart of modern antitrust jurisprudence. So, if Carl Menger's theories about value and consumer welfare undermine the DOJ's case, or, more specifically, its possible arguments about proposed remedies, I think someone should take notice.