The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in the US. While the approach has been almost completely replaced in contemporary industrial economics by the so-called Post-Chicago view, with its superior...

Most late 19th-century US economists gave a rather cool welcome to the Sherman Act (1890) and, though less harshly, to the Clayton and FTC Acts (1914). A large literature has identified several explanations for this surprising attitude, calling into play the relation between big business and...

The paper argues that antitrust law and economics is a proper subfield for applying the method and viewpoint of the history of economic thought (HET). Hence, antitrust scholars should pay attention to what historians of economics have to say about their subfield. Beyond law and economics, it is...

A review essay on Israel Giorgio and Millán Gasca Ana, The World as a Mathematical Game. John von Neumann and Twentieth Century Science, Basel-Boston-Berlin, Birkhäuser, 2009, pp. xii+208 [English translation of Il mondo come gioco matematico. La vita e le idee di John von Neumann, Torino,...

The invention of the price/cost margin (P-MC)/P as an index of market power is usually credited to Lerner (Rev Econ Stud 1(3):157–175, <CitationRef CitationID="CR28">1934</CitationRef>). Landes and Posner (Harv Law Rev 94(5):937–996, <CitationRef CitationID="CR26">1981</CitationRef>) is similarly often considered the main reference for the generalized version of the index in the...</citationref></citationref>

<title>Abstract</title> The paper deals with the history of the antitrust offence of predatory pricing in U.S. antitrust law. Despite being considered so serious a violation to deserve a <italic>per se</italic> condemnation, predatory behaviour has never been easy to identify in real markets because pricing at a very low level...

A review essay of P. Mirowski, Machine Dreams. Economics Becomes a Cyborg Science, Cambridge: CUP, 2002, pp. xii+655.