For forty years the United States has had a statue that appears to condemn every combination which restrains trade. Its general language might include almost any combination, trade association, or industry. But we have court decisions which make possible a plausible legal defense of almost any combination in restraint of trade. What business conduct the resulting law will really reach has become our major governmental mystery.
Publication Date
December 17, 1937
Citation
71 U.S.L. Rev. 575 (1937) (address before the Trade and Commerce Bar Association and Trade Association Executives, Sept. 17, 1937).
Collections
For forty years the United States has had a statue that appears to condemn every combination which restrains trade. Its general language might include almost any combination, trade association, or industry. But we have court decisions which make possible a plausible legal defense of almost any combination in restraint of trade. What business conduct the resulting law will really reach has become our major governmental mystery.
