Book Review: The Antitrust Laws of the United States of America

• Author: Martin J. Adelman
• Published date: 01 March 1982
• Date: 01 March 1982
• DOI: http://doi.org/10.1177/0003603X8202700110
• Subject Matter: Book Reviews

The Antitrust Bulletin/Spring 1982

Antitrust

Law

and Economics

in a Nutshell

Ernest Gellhorn

2d ed., St. Paul, Minnesota: West Publishing Co. (1981),

XXXIV +425 pp., $6.95.

The Antitrust Laws

of

the United

States

of

America

A. D. Neale and D. G. Goyder

3d ed., Cambridge, England: Cambridge University Press (1980),

XVI +526 pp., $42.50 (hardcover), $14.95 (paperback).

Reviewed by Martin J. Adelman, Professor

of

Law, Wayne

State University Law School, Detroit, Michigan.

275

Two useful and readable antitrust texts, Gellhorn's Antitrust Law

and Economics in a Nutshell and Neale's The Antitrust Laws

of

the United States

of

America, have recently been revised and

updated, the latter with Mr. D.G. Goyder as co-author. Professor

Gellhorn's Nutshell reviews fundamental antitrust principles

from the viewpoint

of

elementary price theory. Thus, after a

rather brief review of the history and scope

of

the antitrust laws,

a full chapter is devoted to elementary price theory.

The following three chapters take up monopolies and cartels,

along with the problem

of

determining whether cartel activity is

in fact present. These subjects are not given in-depth treatment,

but each chapter serves as a good introduction to current thinking

from the viewpoint

of

price theory. There follows a short chapter

on oligopoly and more extensive chapters on vertical restraints

©1982by Federal Legal Publications, Inc.