Efficiency should guide antitrust policy from "summary" of The Antitrust Paradox by Robert Bork
Antitrust policy should be primarily concerned with promoting economic efficiency. This principle reflects the recognition that the ultimate goal of antitrust laws is to protect consumer welfare by ensuring that markets function competitively. When markets are competitive, companies are incentivized to produce goods and services efficiently, leading to lower prices and higher quality products for consumers. Efficiency should be the guiding principle in antitrust policy because it provides a clear and objective standard for evaluating business practices. By focusing on efficiency, policymakers can avoid becoming entangled in subjective judgments about the fairness or morality of certain business conduct. Instead, they can assess whether a particular practice benefits consumers by increasing efficiency and enhancing competition in the marke...
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