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The Limits of Antitrust in the New Economy

BY | October 25, 2021

The rise of industrial concentration throughout the US economy has brought antitrust policy to the center of public debate. In many different sectors, a small number of large businesses are…

The rise of industrial concentration throughout the US economy has brought antitrust policy to the center of public debate. In many different sectors, a small number of large businesses are increasingly dominant. An increasing popular view amongst both academics and policymakers holds that this is a problem, one that can be reversed in large part by more aggressive antitrust enforcement. The other side of this debate normally takes a benign view of the rise of big business. Here I outline a thir

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