The Chicago School

Document Type

Book Chapter

Publication Date



This chapter considers the Chicago school of antitrust analysis. It provides the accounts of Edward Levi, Aaron Director, George Stigler, Robert Bork, and Richard Posner as representatives of the progression and divergence of ideas within the Chicago school. It analyzes the Chicago school's broad theoretical attack on interventionist antitrust thinking. It discusses the economic assumptions underlying antitrust treatment of specific competitive practices such as tying, vertical integration, and predatory pricing. It also examines the notion of antitrust policy becoming increasingly the province of specialized bureaucrats, lawyers, and economists working on discrete and technical economic and policy problems.


Chicago School, antitrust analysis, Edward Levi, Aaron Director, George Stigler, Robert Bork, Richard Posner, tying, vertical integration, Predatory Pricing

Publication Title

The Making of Competition Policy: Legal and Economic Sources