Book contents
- Competition Law and Democracy
- Global Competition Law And Economics Policy
- Competition Law and Democracy
- Copyright page
- Dedication
- Contents
- Preface
- Introduction
- Part I The Historical and Conceptual Foundations of the Competition–Democracy Nexus
- 1 The Object of Inquiry
- 2 Republican Liberty as the Coupling between Competition and Democracy
- Part II The Operationalisation of the Competition–Democracy Nexus
- Part III The Decline of the Competition–Democracy Nexus
- Part IV The Revival of the Competition–Democracy Nexus
- Bibliography
- Table of Names
- Table of Cases US
- Table of Cases EU
- Table of Legislation
- Index
1 - The Object of Inquiry
The Idea of a Competition–Democracy Nexus
from Part I - The Historical and Conceptual Foundations of the Competition–Democracy Nexus
Published online by Cambridge University Press: 21 November 2024
- Competition Law and Democracy
- Global Competition Law And Economics Policy
- Competition Law and Democracy
- Copyright page
- Dedication
- Contents
- Preface
- Introduction
- Part I The Historical and Conceptual Foundations of the Competition–Democracy Nexus
- 1 The Object of Inquiry
- 2 Republican Liberty as the Coupling between Competition and Democracy
- Part II The Operationalisation of the Competition–Democracy Nexus
- Part III The Decline of the Competition–Democracy Nexus
- Part IV The Revival of the Competition–Democracy Nexus
- Bibliography
- Table of Names
- Table of Cases US
- Table of Cases EU
- Table of Legislation
- Index
Summary
This chapter introduces the idea of a competition–democracy nexus as the object of inquiry of the book and traces its intellectual trajectory across six centuries of legal, economic, and political thought. It shows how early manifestations of the idea of a competition–democracy nexus (competition–democracy nexus 1.0) took shape in the late 16th and early 17th century with the critique of monopoly by Thomas More, the early common lawyers and the English Leveller movement. It also recounts how early liberal thinkers, most notably Adam Smith, James Steuart and Montesquieu, celebrated the advent of competitive markets as a driving-force behind the transformation of the feudal order into a republican society. The chapter also analyses how the idea of a competition–democracy nexus (competition–democracy nexus 2.0) lay at the origin of US antitrust law and had an important bearing on various antitrust paradigms until the 1970s. The chapter further describes the emergence of the idea of a competition–democracy nexus as the central tenet of the German Ordoliberal School before and during the Second World War and its influence on the early days of EU competition law (competition–democracy nexus 3.0).
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- Competition Law and DemocracyMarkets as Institutions of Antipower, pp. 13 - 52Publisher: Cambridge University PressPrint publication year: 2024