http://truthonthemarket.com/2010/01/21/note-to-simon-johnson-i-do-not-think-antitrust-means-what-you-think-it-means/ Academic commentary on law, business, economics and more Sun, 12 Feb 2012 23:39:41 +0000 hourly 1 http://wordpress.com/ http://truthonthemarket.com/2010/01/21/note-to-simon-johnson-i-do-not-think-antitrust-means-what-you-think-it-means/#comment-8150 Fri, 22 Jan 2010 21:14:15 +0000 http://www.truthonthemarket.com/?p=3792#comment-8150 It sounds much like the Hart Deconcentration Act, which Sen. Hart introduced back in the late `60s. Essentially, it would have broken up the largest firms in any “industry” (defined, I guess, by Census SIC codes) where certain concentration threshholds were exceeded (you can read this Act in all its glory in the back of the famous Goldschmidt “New Learning” book). No theory behind it, really, beyond a simplistic S-C-P syllogism. But this actually is more than what Simon Johnson has to offer — as Geoff notes, what he really is searching for is an ex post rationalization for a predetermined policy. Pretty shameful for an economist.

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