(DOWNLOAD) "Judge Bork, Consumer Welfare, And Antitrust Law" by Harvard Journal of Law & Public Policy * eBook PDF Kindle ePub Free
eBook details
- Title: Judge Bork, Consumer Welfare, And Antitrust Law
- Author : Harvard Journal of Law & Public Policy
- Release Date : January 22, 2008
- Genre: Law,Books,Professional & Technical,Politics & Current Events,
- Pages : * pages
- Size : 61 KB
Description
The Sherman Antitrust Act of 1890 broadly prohibits contracts, combinations, and conspiracies in "restraint of trade" and makes it unlawful "to monopolize" any line of commerce. (1) The open-textured nature of the Act vests the judiciary with considerable responsibility for interpretation. In a 1966 article published in the Journal of Law and Economics, then-Professor Robert H. Bork examined the legislative history of the Act. (2) Bork was candid about the "difficulties inherent in the very concept" of legislative intent. (3) Nevertheless, Bork thought the undertaking was justified by the need to counter the judiciary's repeated invocation of values that were unrelated to the debate that had informed congressional enactment of the Sherman Act and, lacking any legitimate economic rationale, were likely to produce real economic harm. For example, in Fashion Originators' Guild of America v. FTC, (4) the Supreme Court had counted among the policies underlying the Sherman Act protection of "the freedom of action of [Guild] members [not] to reveal to the Guild the intimate details of their individual affairs." (5) No lesser light than Judge Learned Hand had asserted that the Congress intended the Sherman Act to achieve certain sociopolitical aims, such as minimizing the "helplessness of the individual" (6) and ensuring the "organization of industry in small units." (7) Obviously, such policies are highly malleable; they can be invoked (or not) to justify almost any result in any situation. Indeed, as Bork pointed out, Judge Hand went so far as to state that in enacting the Sherman Act, the Congress had "delegated to the courts the duty of fixing the standard for each case." (8)