Richard S. Markovits Books

Focusing on the implications of The General Theory of Second Best, this book introduces a novel economic-efficiency-analysis protocol that emphasizes distinct categories of economic inefficiency often overlooked in traditional analyses. It evaluates how various policies and conduct affect these inefficiencies by assessing their impact on profitability versus economic efficiency. Additionally, it advocates for research projects only when their potential efficiency gains outweigh execution costs. The book illustrates its protocol through specific policy analyses, highlighting its unique conclusions compared to standard economic evaluations.

Focusing on antitrust policy, this volume examines the economic efficiency and ethical implications of different tests for antitrust legality. It provides a critical analysis of the frameworks established by both US and EU antitrust laws, offering insights into their effectiveness and moral considerations. This foundational text sets the stage for a deeper understanding of antitrust issues in the context of legal and economic theory.

Volume II of this two-volume set delves into the economic efficiency and ethical implications of antitrust policies. It examines different types of conduct that fall under antitrust scrutiny and evaluates potential government responses, with a focus on the frameworks established by US and EU antitrust laws. The analysis offers insights into how these regulations impact market dynamics and consumer welfare.