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The return of antitrust activism in recent years and the rapid developments in the communications and technology industries have enhanced the need for a good, basic guide to antitrust laws. In The Antitrust Laws, a former top antitrust officer at the U.S. Department of Justice and a noted economist guide readers through the increasingly complex antitrust laws. Executives will find in this primer vital information on how the antitrust laws will affect the conduct of their business. Students interested in the economic and legal framework within which businesses operate will find it a practical overview. More experienced readers will also benefit from this volume. In particular, corporate counsel will find it useful in developing compliance programs.

In this fourth edition of The Antitrust Laws: A Primer, the authors substantially update material on international antitrust policy and intellectual property in light of recent developments. They also consider the role of antitrust laws in accommodating the tension between the desire to innovate and the desire to optimize the rate of diffusion of new inventions. The Antitrust Laws also provides readers with an analysis of mergers and acquisitions and an assessment of international antitrust enforcement that reflects recent guidelines and the evolving agreements among nations to cooperate in enforcement.

John H. Shenefield, a partner in the Washington, D.C., firm of Morgan, Lewis, and Bockius, is former head of the Antitrust Division of the U.S. Department of Justice. Irwin M. Stelzer is the director of regulatory policy studies at the Hudson Institute, a member of the board of the Regulatory Policy Institute, Oxford, and a political and economic columnist for the Sunday Times (London) and the New York Post.