Herbert Hovenkamp has written a new single-volume overview of U.S. antitrust law titled <i>The Antitrust Enterprise: Principle and Execution</i>. Professor Randal Picker wrote a review of this book in the Autumn 2006 issue of <i>CPI</i>.

What is the right way to frame the competition policy baseline for assessing whether a new arrangement such as Google Book Settlement is pro-competitive?

We should want the ecosystem containing digital libraries to be rich and teeming. Randal Picker (Univ. of Chicago)

Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests, but specified prices and rules of mandatory dealing....