Innovation and U.S. Antitrust Law

This paper addresses the value of innovation as an ambition of U.S. antitrust law. It argues that innovation ought to be a principal goal of the antitrust laws, but has not been. The paper shows, however, the malleability of the U.S. antitrust laws that may allow innovation to be a principal value in the years ahead.

By George L. Priest[1]

The central ambition of all societies is to create a dynamic economic system that promotes economic growth to the benefit of the citizenry. Stimulatin