The Great Antitrust Debate

Focus on innovation? Or stick to pricing issues? The outcome is critical

The war between Microsoft and the Justice Dept. is certainly far from over. But as the two meet again in court over the appeal of Judge Thomas Penfield Jackson's decision, there is a parallel intellectual struggle going on for the soul of antitrust policy. The key issue: Will antitrust continue to play a limited role in economic policy, as it has for twenty years? Or will it move to center stage as a key defender of innovation and innovative firms in the New Economy?

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