The United States is generally believed to be a liberal, rights-based culture. In such a society, according to Richard S. Markovits, arguments of moral principle dominate legal discourse.

Markovits analyzes various rights related to our society's basic duties of showing appropriate, equal respect for all creatures capable of moral integrity and appropriate, equal concern for their actualizing this potential. By taking moral- and legal-rights arguments seriously, the book counters the tendencies of legal academics to substitute non-right-focused policy analysis for rights analysis...

Vol. I (1) operationalizes the specific-anticompetitive-intent and lessening-competition tests of illegality both U.S. and E.U. antitrust law promulgate and the distorting-competition and exploitative-abuse-of-a-dominant-position tests E.U. law promulgates, (2) distinguishes these tests from an economic-inefficiency test of illegality, (3) lists the antitrust licit and illicit categories of profits conduct can yield, (4) develops conceptual systems and theories for analyzing conduct s impact on price and quality-or-variety-increasing-investment competition, (5) demonstrates that...

Volume 2 uses the economic and legal concepts/theories of Volume 1 to (1) analyze the U.S. and E.U. antitrust legality of mergers, joint ventures, and the pricing-technique and contractual/sales-policy distributor-control surrogates for vertical integration and (2) assess related positions of scholars and U.S. and E.U. antitrust officials. Its analysis of horizontal mergers (1) delineates non-market-oriented protocols for determining whether they manifest specific anticompetitive intent, would lessen competition, or are rendered lawful by the efficiencies they would generate, (2)...