Wright Participates in Antitrust Policy Forum
Professor Joshua Wright joined three other antitrust experts in a Cato Institute policy forum entitled A New Course of Antitrust. The event took place at the Cato Institute's F.A. Hayek Auditorium in Washington, D.C., on June 16. Featured speakers, in addition to Wright, were Carl Shapiro, deputy assistant attorney general of economics at the Antitrust Division at the Justice Department; Edwin Rockefeller, former chairman of the American Bar Association Section of Antitrust Law; and Douglas Ginsburg of the U.S. Court of Appeals for the D.C. Circuit.
In the wake of a May action by the Department of Justice to revoke guidelines adopted in 2008 making it more difficult to pursue antitrust cases, the forum considered how these policy reversals might affect the nation's industries and examined issues critical to the intersection of legal and economic theory and practice. Key among these issues were the question of government targeting healthy business in tough economic times, defining what constitute anti-competitive or monopolistic mergers, and to what extent antitrust enforcement benefits consumers.