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What should courts prioritize in determining antitrust cases: measurable welfare effects, or the protection of competitive rivalry itself? The Consumer Welfare Standard and the Protect Competition Standard offer different answers.

Welfare economists and moral philosophers have shown that the Consumer Welfare Standard is biased in favor of wealthy individuals and corporations—the very powers the antitrust law is supposed to regulate.

The decisions we make now about the governance of AI will have profound implications for the future of our economy and society.

The Consumer Welfare Standard of antitrust is outdated and defective

The Chicago School has long used bankrupt assumptions to strangle antitrust policy.

This paper presents an historical analysis of the antitrust laws.

The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in the US.