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Recommended Reading:
- Readings: Paul J. McNulty, “A Note on the History of Perfect Competition,” Journal of Political Economy, Vol. 75, No. 4, Part 1 (August 1967), pp. 395-399. [NOTE: This article is available at libraries that have access to JSTOR.] Dominick Armentano, Antitrust: The Case for Repeal. [NOTE: This is a ~100-page booklet, but it provides an excellent theoretical and historical critique of antitrust policy as well as the mainstream economics behind it. Students can peruse the table of contents and read whatever interests them.]
- Topics: Popular models of “perfect competition,” “monopolistic competition,” and monopoly. The Austrian critique.