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Rights versus Antitrust: Challenging the Ethics of Competition Law

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Book Details
Language
English
Publishers
Agenda Publishing (8 Feb. 2024)
Weight
0.27 KG
Publication Date
08/02/2024
ISBN-10
1788217152
Pages
176 pages
ISBN-13
9781788217156
Dimensions
15.62 x 1.4 x 23.37 cm
SKU
9781788217156
Author Name
Professor Mark D. White (Author)
Mark D. White is Professor and Chair of the Department of Philosophy at the College of Staten Island/CUNY, where he teaches courses in philosophy, economics, and law, and is also a member of the economics faculty at the Graduate Center of CUNY. He is the author of eleven books: "Kantian Ethics and Economics" (Stanford University Press), "The Manipulation of Choice," "The Illusion of Well-Being," and "The Decline of the Individual" (all from Palgrave Macmillan), "The Virtues of Captain America: Modern-Day Lessons on Character from a World War II Superhero" (2014 and 2024 editions) and "Batman and Ethics" (both from Wiley Blackwell), "A Philosopher Reads Marvel Comics' Civil War," "A Philosopher Reads Marvel Comics' Thor," and "A Philosopher Reads Marvel Comics' Daredevil" (all from Ockham Publishing), and "Rights versus Antitrust" (Agenda Publishing), as well as over seventy journal articles and book chapters in the intersections between economics, philosophy, and law. He has edited or co-edited a number of books on these subjects, including "The Oxford Handbook of Ethics and Economics," "Economics and the Virtues: Building a New Moral Foundation" with Jennifer A. Baker, and "The Thief of Time: Philosophical Essays on Procrastination" with Chrisoula Andreou (all from Oxford University Press), and has edited two book series: Perspectives from Social Economics (Palgrave Macmillan) and On Ethics and Economics (Rowman & Littlefield International). He is also a frequent contributor and editor for the Blackwell Philosophy and Pop Culture Series, which introduces readers to basic philosophical concepts using the movies, TV shows, comic books, and music that they love. He has edited or co-edited volumes on Batman, Watchmen, Iron Man, Green Lantern, Superman, Doctor Strange, and the Avengers, and contributed to volumes on Black Panther, Wonder Woman, Spider-Man, the X-Men, Black Sabbath, Metallica, South Park, The Office, Family Guy, and Alice in Wonderland.Read more about this authorRead less about this author
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Antitrust or competition law is widely considered an essential part of the legal and political structures of most liberal democracies and an integral foundation of a market economy. In this book, Mark D.

White disputes this understanding, drawing on concepts from economics, philosophy, and law to argue that the pre-eminent status accorded to the regulation of competition should be reconsidered by any government that claims to support basic property rights. Despite its populist origins, antitrust is usually understood today in terms of economic theory, which provides a solid foundation for the analysis of market competition.

As this logic goes, governments restrict firms from engaging in behaviour regarded as uncompetitive, with the purpose of protecting consumers, other firms, or the very process of competition itself. However, this neglects the fundamental property rights on which the market economy is based, an unfortunate implication of the utilitarian ethics at the heart of economics.

Firms are held responsible for promoting societal welfare and penalized for failing to do so, even when their actions violate no recognized rights of consumers or competitors. This view of commerce sees firms as agents of the state rather than opportunities for individuals to pursue their interests in exchange with others.

As White explains, competition or antitrust law serves as an example of how economics privileges welfare and efficiency over rights and justice, promoting the maximization of outcomes while ignoring the rights of those who generate them. Accessible and non-technical, this book assumes no previous knowledge of economics, philosophy, or law, and provides a fresh and thought-provoking perspective on antitrust and competition law that will challenge readers from all backgrounds and political stances to question the degree to which its wisdom is taken for granted.

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