Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect?

In this pioneering study, Professor Armentano thoroughly researches the classic cases in antitrust law and demonstrates an enormous gap between the stated aims of antitrust law and what it actually accomplishes in the real world.

Even though I entirely disagree with The Upcoming Robot Revolution, I really like it. It is a sort of unintended Bastiat satire for our time. Here we see the Luddite fear of technological innovation pushed to a reductio ad absurdum. I think it just makes it all the funnier that the author is entirely earnest and sincere in painting his dystopia where robots have taken away our jobs and much of the American population is being warehoused in “government welfare dormitories”.

Last week I attended the Public Choice Outreach Program and this week The Summer Institute each put on by the Center for the Study of Public Choice at George Mason University. Both events have been most rewarding thus far, and I would highly recomend them for students and scholars interested in the ideas of Public Choice.

They always go together, says this insightful editorial on the wacky left wing alternet.org. Now if they would just come around and oppose the welfare part of the welfare-warfare state.

When George Koether passed (2, 3), I noted “He once sent me a copy of his abridgment of Human Action“. Several people asked me about that, but I could not find it. This weekend I stumbled across it when rearranging my (paper) library. Turns out it was a special issue (Sept.

The Washington Post is astonished (and outraged) to encounter a libertarian. Writes Libby Copeland: “Republican Ron Paul missed out on the 19th century, but he admires it from afar. He speaks lovingly of the good old days before things like Social Security and Medicaid existed, before the federal government outlawed drugs like heroin.” Those are state initiatives of the 20th century, of course, but still read the rest.

This week’s eWeek features an article Microsoft Security Pricing: Predatory or Correctional?.