ABSTRACT
The way economists think about competition invariably affects public policy. As Derek Bok has noted, ‘[the] troublesome field [of antitrust] cannot be fully understood apart from the prevailing theories and discoveries, attitudes and prejudices that have to do with the phenomenon of competition’ (Bok: 267, 286). Therefore, strong reasons exist to provoke an assessment of how economists’ thinking on competition changed, when it changed, why it changed, and the impact of the change.
