Why am I passionate about this?
After college, I studied economics and law. Working in antitrust lets me use what I’ve learned about both fields. I’ve been a professor at a law school and a business school and worked on competition issues while serving in senior government positions in multiple federal agencies, including both antitrust agencies. I also like working in antitrust because fostering competition is important to our economy. Competition encourages firms to pursue success by developing and selling better and cheaper products and services, not by coordinating with their rivals or trying to exclude them. And I like antitrust because the cases can involve any industry—I might learn about baby food one day and digital platforms the next.
Jonathan's book list on reads before—or after—you learn antitrust law
Why did Jonathan love this book?
This is a wide-ranging, thought-provoking, accessible, informed, lively, and convincing economic history of the “long” 20th century (1870 to 2010).
Among its many narratives, the book shows how “thirty glorious years of social democracy” ended around 1975 when the U.S. and other economies in the global north took “the neoliberal turn” in favor of relying more on the market to organize society.
That history is essential context for understanding why the U.S. Supreme Court, beginning in the late 1970s and 1980s, relaxed the “structural era” antitrust rules in place since the 1940s, which had emphasized skepticism about growing concentration and the conduct of large firms in concentrated markets.
The book also emphasizes the importance of technology-driven economic growth for human well-being. That perspective helps make the case today for economic policies that promote competition among firms, which fosters productivity and growth.
1 author picked Slouching Toward Utopia as one of their favorite books, and they share why you should read it.
From one of the world's leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied.
Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would use such powers to build utopia, but it was not so. When 1870-2010 ended, the world instead saw global warming, economic depression, uncertainty, inequality, and broad rejection of the status…