La Fundación Rafael del Pino dedicated Competition Law in Times of Crisis, the yearbook of its sixth annual Seminar on Antitrust Law and Economics, to Eleanor Fox ’61, Walter J. Derenberg Professor of Trade Regulation, on July 20 in Madrid. At the event Fox delivered a lecture, “Competition in Times of Change.”
Fox, a foremost expert on competition law, argued that the global economic crisis has shaken what has been an excessive trust in the efficacy of the market mechanism even as doubts remain about the role of competition law. The crisis, Fox said, revealed a flaw in the model the U.S. has used for the past 30 years: the assumption that a market unfettered by antitrust regulation will yield maximum efficiency and innovation. Recent Supreme Court rulings, she said, indicate a continued adherence to that view, despite the lessons of the crisis.
Posted on August 3, 2010
