Hayek and Antitrust

Shigeki Kusunoki

History of Economics Review, 2015, vol. 61, issue 1, 57-68

Abstract: Antitrust have been one of the most unexplored areas in the study of F.A. Hayek. Although Hayek criticised governments for interfering with the market process through antitrust laws, he also partly advocated them. Is this compatible with his economics? Most Austrian School economists opposed antitrust. Why was Hayek, a representative of the Austrian School, a supporter generally in favour? The key to answering this question is found at the ‘crossroads’ of his views on economics and jurisprudence. This study attempts to approach the interaction between his economic and legal thought more deeply through the lens of his discussion of antitrust.

Date: 2015
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DOI: 10.1080/18386318.2015.11681274

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