- 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 [1],” 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.”*

Indeed it is.  Unfortunately, other antitrust statutes, including the Sherman Act, differ from Robinson-Patman only in being less blatant about their anti-competitive goals [2].

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
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 [3] (Chicago: Rand McNally & Co., 1959), p. 198.

Be Sociable, Share!
  • [4]
  • [5]
  • [6]
  • [7]
  • [8]

Comments

comments


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:

[1] When Creative Destruction Visited the Mom-and-Pops: http://online.wsj.com/article/SB10001424127887324136204578641941984553424.html?mod=opinion_newsreel

[2] 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

[3] 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

[4]

  • : http://twitter.com/intent/tweet?text=Another%20Gem%20from%20the%20New%20Deal%20-%20http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html%20

    [5]

  • : https://mail.google.com/mail/?view=cm&fs=1&to&su=Another%20Gem%20from%20the%20New%20Deal&body=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&ui=2&tf=1&shva=1

    [6]

  • : http://www.stumbleupon.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&title=Another%20Gem%20from%20the%20New%20Deal

    [7]

  • : http://www.google.com/reader/link?url=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&title=Another%20Gem%20from%20the%20New%20Deal&srcURL=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&srcTitle=Cafe+Hayek+where+orders+emerge

    [8] 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

    [9]

  • : http://www.myspace.com/Modules/PostTo/Pages/?u=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&t=Another%20Gem%20from%20the%20New%20Deal

    [10]

  • : http://reddit.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&title=Another%20Gem%20from%20the%20New%20Deal

    [11]

  • : http://news.ycombinator.com/submitlink?u=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html&t=Another%20Gem%20from%20the%20New%20Deal

    [12]

  • : http://sphinn.com/index.php?c=post&m=submit&link=http%3A%2F%2Fcafehayek.com%2F2013%2F10%2Fanother-gem-from-the-new-deal.html

    [13] Tweet: https://twitter.com/share

  • Copyright © 2011 CafeHayek.com. All rights reserved.