Tag Archives: Barriers to Entry

Antitrust is bad law, bad economics, and bad public policy

by ¬†Robert A. Levy * Congress should repeal the Sherman Act of 1890; repeal the Clayton Act of 1914; repeal the Federal Trade Commission Act of 1914; repeal the Robinson-Patman Act of 1936; repeal the Celler-Kefauver Act of 1950; repeal … Continue reading

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Why we need entrepreneurs

The entrepreneurial function, the striving of entrepreneurs after profits, is the driving force of the market economy…The only source from which an entrepreneur’s profits stem is his ability to anticipate better than other people the future demand of the consumers…He … Continue reading

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