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What Every Businessman Should Know About the Antitrust Laws
Hansen, Victor R.
2/4  (Summer 1960): 16-0

The article presents tips on what every businessman should know about the antitrust laws. Economic policies and legal antitrust policies in one sense have a common goal. Both strive to achieve an economy which gives freedom of opportunity. Both strive to help the consumer. Economists as such are concerned with numerous factors which contribute to economic welfare. They seek to evaluate the trends of the economy. They study wage and price levels and design measures to check inflationary trends. Legal antitrust policies are also concerned with the public welfare. But the objective is arrived at through different routes. It is not the function of those in charge of the enforcement of the antitrust laws to exercise economic regulation. They are not concerned basically with whether prices are high or low. They are, in essence, a law enforcement body, as distinguished from a fact-finding body. Their aim is to preserve competition and to create conditions which permit competition to flourish. To put it succinctly, the antitrust laws cannot compel competition, but they only make it possible.

 

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