'Well-written and engaging even to the lay reader, this new volume is a must-read for anyone interested in antitrust reform. Devlin charts a careful middle course between our current weakened system of antitrust enforcement and the calls for radical reform coming from many quarters today. This is a book with the potential to make the world a better place.' Mark A. Lemley, Stanford Law School
Introduction; Part I. Antitrust Today: 1. Competition Law's role; 2. Antitrust – Fact, fiction, and the unknown; 3. The missing link – concentration and market power; Part II. The Case for Change: 4. Warning signs in the economy – has competition declined?; 5. A liberal call to arms, but is deconcentration the answer?; 6. Testing the neo-brandeisian vision; Part III. Antitrust Reform: 7. Taking a finger off the scale – revisiting decision theory; 8. Rethinking the consumer-welfare standard; 9. The antitrust evolution; Conclusion. Key recommendations.