A Kantian Critique of Antitrust: On Morality and Microsoft
White, Mark D., Journal of Private Enterprise
Most economists support free markets - to a point. I chose that kst word very carefully, for just as a geometrical point is a theoretical construct that does not exist in the real world, so is the textbook model of perfect competition. But most economists support free markets only insofar as they adhere to this idealized conception. Many economists go so far as to define "free market" to mean a perfecdy competitive industry, as if an efficient outcome has anything to do with the word "free." Indeed, the term "market failure" has been coined to describe any deviation from perfect competition, including imperfect competition and monopoly (as well as externalities, public goods, etc.).2 But …
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Publication information: Article title: A Kantian Critique of Antitrust: On Morality and Microsoft. Contributors: White, Mark D. - Author. Journal title: Journal of Private Enterprise. Volume: 22. Issue: 2 Publication date: Spring 2007. Page number: 161+. © 2009 Association of Private Enterprise Education. Provided by ProQuest LLC. All Rights Reserved.