Are Past Anti-Trust Approaches Appropriate Today?

Are policies from over a century ago that addressed concerns about large trusts like Standard Oil and the American Tobacco Company appropriate today? Or does the source of the market power of high-tech companies like Meta and Alphabet require a new par...

An episode of the EconoFact Chats podcast, hosted by EconoFact, titled "Are Past Anti-Trust Approaches Appropriate Today?" was published on February 4, 2024 and runs 25 minutes.

February 4, 2024 ·25m · EconoFact Chats

Summary

Are policies from over a century ago that addressed concerns about large trusts like Standard Oil and the American Tobacco Company appropriate today? Or does the source of the market power of high-tech companies like Meta and Alphabet require a new paradigm? Naomi Lamoreaux joins EconoFact Chats to discuss the historical shifts in anti-trust policy from the late 19th and early 20th century to today, and the ongoing tension between rewarding innovation and curtailing anticompetitive activities. Naomi is a senior research scholar at the University of Michigan Law School, and the Stanley B. Resor Professor Emeritus of Economics, and Professor Emeritus of History at Yale University.

Episode Description