Rights versus antitrust: challenging the ethics of competition law
Antitrust or competition law is widely considered an essential part of the legal and political structures of most liberal democracies and an integral foundation of a market economy. In this book, Mark D. White disputes this understanding, drawing on concepts from economics, philosophy, and law to ar...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Newcastle upon Tyne
Agenda Publishing
2024
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| Subjects: | |
| Links: | https://doi.org/10.1017/9781788214346?locatt=mode:legacy https://doi.org/10.1017/9781788214346?locatt=mode:legacy https://doi.org/10.1017/9781788214346?locatt=mode:legacy |
| Summary: | Antitrust or competition law is widely considered an essential part of the legal and political structures of most liberal democracies and an integral foundation of a market economy. In this book, Mark D. White disputes this understanding, drawing on concepts from economics, philosophy, and law to argue that the pre-eminent status accorded to the regulation of competition should be reconsidered by any government that claims to support basic property rights.<br><br>Despite its populist origins, antitrust is usually understood today in terms of economic theory, which provides a solid foundation for the analysis of market competition. As this logic goes, governments restrict firms from engaging in behaviour regarded as uncompetitive, with the purpose of protecting consumers, other firms, or the very process of competition itself. However, this neglects the fundamental property rights on which the market economy is based, an unfortunate implication of the utilitarian ethics at the heart of economics. Firms are held responsible for promoting societal welfare and penalized for failing to do so, even when their actions violate no recognized rights of consumers or competitors. This view of commerce sees firms as agents of the state rather than opportunities for individuals to pursue their interests in exchange with others. As White explains, competition or antitrust law serves as an example of how economics privileges welfare and efficiency over rights and justice, promoting the maximization of outcomes while ignoring the rights of those who generate them |
| Item Description: | Title from publisher's bibliographic system (viewed on 19 Dec 2024) Intro -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- 1. Overview -- 2. The economics of antitrust -- 3. The ethics of economics -- 4. Introducing rights -- 5. Antitrust violations and rights -- 6. Harms and wrongs -- 7. The obligation to maximize welfare -- 8. Re-envisioning the market -- Notes -- Index |
| Physical Description: | 1 Online-Ressource (xi, 164 Seiten) |
| ISBN: | 9781788214346 |
| DOI: | 10.1017/9781788214346 |
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| 500 | |a Intro -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- 1. Overview -- 2. The economics of antitrust -- 3. The ethics of economics -- 4. Introducing rights -- 5. Antitrust violations and rights -- 6. Harms and wrongs -- 7. The obligation to maximize welfare -- 8. Re-envisioning the market -- Notes -- Index | ||
| 520 | |a Antitrust or competition law is widely considered an essential part of the legal and political structures of most liberal democracies and an integral foundation of a market economy. In this book, Mark D. White disputes this understanding, drawing on concepts from economics, philosophy, and law to argue that the pre-eminent status accorded to the regulation of competition should be reconsidered by any government that claims to support basic property rights.<br><br>Despite its populist origins, antitrust is usually understood today in terms of economic theory, which provides a solid foundation for the analysis of market competition. As this logic goes, governments restrict firms from engaging in behaviour regarded as uncompetitive, with the purpose of protecting consumers, other firms, or the very process of competition itself. However, this neglects the fundamental property rights on which the market economy is based, an unfortunate implication of the utilitarian ethics at the heart of economics. Firms are held responsible for promoting societal welfare and penalized for failing to do so, even when their actions violate no recognized rights of consumers or competitors. This view of commerce sees firms as agents of the state rather than opportunities for individuals to pursue their interests in exchange with others. As White explains, competition or antitrust law serves as an example of how economics privileges welfare and efficiency over rights and justice, promoting the maximization of outcomes while ignoring the rights of those who generate them | ||
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| spelling | White, Mark D. 1971- Verfasser (DE-588)135756502 aut Rights versus antitrust challenging the ethics of competition law Mark D. White Newcastle upon Tyne Agenda Publishing 2024 1 Online-Ressource (xi, 164 Seiten) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 19 Dec 2024) Intro -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- 1. Overview -- 2. The economics of antitrust -- 3. The ethics of economics -- 4. Introducing rights -- 5. Antitrust violations and rights -- 6. Harms and wrongs -- 7. The obligation to maximize welfare -- 8. Re-envisioning the market -- Notes -- Index Antitrust or competition law is widely considered an essential part of the legal and political structures of most liberal democracies and an integral foundation of a market economy. In this book, Mark D. White disputes this understanding, drawing on concepts from economics, philosophy, and law to argue that the pre-eminent status accorded to the regulation of competition should be reconsidered by any government that claims to support basic property rights.<br><br>Despite its populist origins, antitrust is usually understood today in terms of economic theory, which provides a solid foundation for the analysis of market competition. As this logic goes, governments restrict firms from engaging in behaviour regarded as uncompetitive, with the purpose of protecting consumers, other firms, or the very process of competition itself. However, this neglects the fundamental property rights on which the market economy is based, an unfortunate implication of the utilitarian ethics at the heart of economics. Firms are held responsible for promoting societal welfare and penalized for failing to do so, even when their actions violate no recognized rights of consumers or competitors. This view of commerce sees firms as agents of the state rather than opportunities for individuals to pursue their interests in exchange with others. As White explains, competition or antitrust law serves as an example of how economics privileges welfare and efficiency over rights and justice, promoting the maximization of outcomes while ignoring the rights of those who generate them Antitrust law Competition, Unfair Intellectual property Erscheint auch als Druck-Ausgabe 9781788214339 Erscheint auch als Druck-Ausgabe 9781788217156 https://doi.org/10.1017/9781788214346?locatt=mode:legacy Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | White, Mark D. 1971- Rights versus antitrust challenging the ethics of competition law Antitrust law Competition, Unfair Intellectual property |
| title | Rights versus antitrust challenging the ethics of competition law |
| title_auth | Rights versus antitrust challenging the ethics of competition law |
| title_exact_search | Rights versus antitrust challenging the ethics of competition law |
| title_full | Rights versus antitrust challenging the ethics of competition law Mark D. White |
| title_fullStr | Rights versus antitrust challenging the ethics of competition law Mark D. White |
| title_full_unstemmed | Rights versus antitrust challenging the ethics of competition law Mark D. White |
| title_short | Rights versus antitrust |
| title_sort | rights versus antitrust challenging the ethics of competition law |
| title_sub | challenging the ethics of competition law |
| topic | Antitrust law Competition, Unfair Intellectual property |
| topic_facet | Antitrust law Competition, Unfair Intellectual property |
| url | https://doi.org/10.1017/9781788214346?locatt=mode:legacy |
| work_keys_str_mv | AT whitemarkd rightsversusantitrustchallengingtheethicsofcompetitionlaw |