Dominick T. Armentano is professor emeritus in economics at the University of Hartford in Connecticut and an Associated Scholar of the Mises Institute.
In their war on "monopolies," Progressives like Elizabeth Warren show they don't understand the history of anti-monopoly legislation, and they also don't understand that modern day "monopolies" aren't really monopolies at all.
Many progressives argue rights to property are arbitrary constructs of an elite and conservative legal system; that there is nothing “natural” or legitimate about them; and that, therefore, they have no special moral status.
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. Instead of
From the author: The following is a study in the history of free enterprise ideas. Specifically it presents the political economy of William Graham Sumner, highlighting the ideas and analysis that mark his contribution to economic thought, and make
This 100-page tour de force rips the intellectual cover off antitrust regulation to reveal it for what it is: a bludgeon used by businesses against their competitors. Unlike some critics, Professor Armentano carries the logic of his analysis to
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.