- Cafe Hayek - http://cafehayek.com -
Another Gem from the New Deal
Posted By Don Boudreaux On October 14, 2013 @ 4:30 pm In Antitrust,Crony Capitalism,History | Comments Disabled
Here’s a letter to the Wall Street Journal:
Marc Levinson offers a splendid history of A&P and of the Robinson-Patman Act’s assault on that company’s efforts to translate its superior efficiencies into lower grocery prices for consumers (“When Creative Destruction Visited the Mom-and-Pops ,” Oct. 12).
The Robinson-Patman Act of 1936, although trumpeted as an act to enhance competition, is such a barefaced effort to protect politically influential producers from having to compete against more innovative rivals that it was called by the late Donald Dewey – a usually soft-spoken antitrust scholar at Columbia University – “an execrable concession to small business groups and an insult to the public intelligence.”*
Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
* Donald Dewey, Monopoly in Economics and Law  (Chicago: Rand McNally & Co., 1959), p. 198.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2013/10/another-gem-from-the-new-deal.html
URLs in this post:
 When Creative Destruction Visited the Mom-and-Pops: http://online.wsj.com/article/SB10001424127887324136204578641941984553424.html?mod=opinion_newsreel
 other antitrust statutes, including the Sherman Act, differ from Robinson-Patman only in being less blatant about their anti-competitive goals: http://www.amazon.com/Causes-Consequences-Antitrust-Public-Choice-Perspective/dp/0226556352/ref=sr_1_1?s=books&ie=UTF8&qid=1381782548&sr=1-1&keywords=mcchesney+shughart
 Monopoly in Economics and Law: http://www.amazon.com/Monopoly-Economics-Law-Donald-Dewey/dp/0837188113/ref=sr_1_1?s=books&ie=UTF8&qid=1381782506&sr=1-1&keywords=donald+dewey+monopoly+in+economics+and+law
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&Title=Another%20Gem%20from%20the%20New%20Deal
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.