Introduction to The Making of Competition Policy: Legal and Economic Sources

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Book Chapter

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This introductory chapter provides a brief historical overview of the development of competition and antitrust policy in the United States. It describes how the passing of the Sherman Antitrust Act of 1890 brought in competition policy and antitrust law into the American legal system and political economy. It briefly mentions the contributions of the Harvard school and the Chicago school in developing further the notion of competition policy. The chapter also highlights the importance of studying various schools of economic thought before Sherman Antitrust Act of 1890, and looks into why they are still relevant in predicting the cycling of perspectives of competition policy in the future.


competition policy, United States of America, Sherman Antitrust Act, antitrust law, American legal system, political economy, Harvard School, Chicago School, schools of economic thought

Publication Title

The Making of Competition Policy: Legal and Economic Sources