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Competition Law and Policy in Bad Times

BY | December 11, 2008

This article is part of a Chronicle. See more from this Chronicle David Lewis, Dec 15, 2008 Macroeconomists often stand accused with good reason of treating firms as black boxes…

This article is part of a Chronicle. See more from this Chronicle

David Lewis, Dec 15, 2008

Macroeconomists often stand accused with good reason of treating firms as black boxes whose diverse features are not acknowledged, or even understood, when responses to fiscal and monetary policy decisions are considered. But by the same token, much of microeconomics treats the broader economic and political context as a black box, as a mere neutral stage on which firms and individuals interact. Competiti

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