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Antitrust laws are traditionally used to attack monopolies like Facebook and Google who are able to either charge high prices or degrade the quality of their services because customers cannot switch to competitors. Antitrust laws are also used to attack cartels of businesses, which fix prices. In recent years, it has become clear that firms with market power not only charge higher prices. They also suppress wages, injuring workers. In this book, Eric Posner describes how workers can use antitrust law to counter employer market power and obtain higher wages as a result.
Eric A. Posner is Kirkland and Ellis Distinguished Service Professor of Law, University of Chicago. His most recent books are Radical Markets (with Glen Weyl), which was named a best book for 2018 by The Economist; and Last Resort: The Financial Crisis and the Future of Bailouts, which was named a best book for 2018 by The Financial Times. He is of counsel at MoloLamken LLP, a fellow of the American Academy of Arts and Sciences, and a member of the American Law Institute. He has written extensively for popular media outlets, including The New York Times, The Wall Street Journal, and The Washington Post, and testified before Congress.
- TC
