Original Intent and the Sherman Antitrust Act: A Re-examination of the Consumer-Welfare Hypothesis

Christopher Grandy

The Journal of Economic History, 1993, vol. 53, issue 2, 359-376

Abstract: An important tenet of the Chicago School of antitrust asserts that the Sherman Act's framers sought to foster consumer welfare. This article challenges that interpretation by re-examining the legislative history. That history suggests that a consumer-welfare standard did not survive the legislative process and that, if anything, Congress focused on the behavior of producers.

Date: 1993
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