Combining a detailed, critical study of the Monopolies Commission, with an analysis of the economic issues involved in monopoly supervision and control, this book provides an example of the emergence of public choice theory by an economist who was to become one of its major exponents.

This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law.