By David Ramsey
For more than one hundred years, the Sherman Act and its amendments have defined the legal framework supporting the American economy, but this framework has not remained unchanged. Antitrust laws have been revised and re-interpreted, resulting in changes in enforcement. Ramsey examines the Supreme Court's institutional role in balancing the contentions of the political branches, the business community, the enforcement agencies, and the advocates of various schools of economic thought, incorporating the arguments of each into a coherent, flexible and reasonably stable body of law regulating competition. Ramsey argues that the institutional strengths of the Court will continue to play a critical role in the ongoing development of antitrust law well into the Sherman Act's second century.