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United States V. Apple: Competition in America
Contributor(s): Sagers, Chris (Author)
ISBN: 067497221X     ISBN-13: 9780674972216
Publisher: Harvard University Press
OUR PRICE:   $28.45  
Product Type: Hardcover
Published: September 2019
Qty:
Additional Information
BISAC Categories:
- Law | Antitrust
- Business & Economics | Economic History
- History | United States - 20th Century
Dewey: 343.730
LCCN: 2019010761
Physical Information: 1.4" H x 6.4" W x 9.3" (1.40 lbs) 336 pages
Themes:
- Chronological Period - 20th Century
- Chronological Period - 21st Century
 
Descriptions, Reviews, Etc.
Publisher Description:

One of the most-followed antitrust cases of recent times--United States v. Apple--reveals an often-missed truth: what Americans most fear is competition itself.

In 2012 the Department of Justice accused Apple and five book publishers of conspiring to fix ebook prices. The evidence overwhelmingly showed an unadorned price-fixing conspiracy that cost consumers hundreds of millions of dollars. Yet before, during, and after the trial millions of Americans sided with the defendants. Pundits on the left and right condemned the government for its decision to sue, decrying Amazon's market share, railing against a new high-tech economy, and rallying to defend beloved authors and publishers. For many, Amazon was the one that should have been put on trial. But why? One fact went unrecognized and unreckoned with: in practice, Americans have long been ambivalent about competition.

Chris Sagers, a renowned antitrust expert, meticulously pulls apart the misunderstandings and exaggerations that industries as diverse as mom-and-pop grocers and producers of cast-iron sewer pipes have cited to justify colluding to forestall competition. In each of these cases, antitrust law, a time-honored vehicle to promote competition, is put on the defensive. Herein lies the real insight of United States v. Apple. If we desire competition as a policy, we must make peace with its sometimes rough consequences. As bruising as markets in their ordinary operation often seem, letting market forces play out has almost always benefited the consumer. United States v. Apple shows why supporting cases that protect price competition, even when doing so hurts some of us, is crucial if antitrust law is to protect and maintain markets.


Contributor Bio(s): Sagers, Chris: - Chris Sagers is James A. Thomas Distinguished Professor of Law at Cleveland-Marshall College of Law. The author of numerous articles and coauthor of leading casebooks on antitrust, he has been quoted in the New York Times, Wall Street Journal, and Huffington Post, and he has been interviewed on National Public Radio. He is a member of the American Law Institute, a Senior Fellow of the American Antitrust Institute, and a leadership member of the ABA Antitrust Section.