Is Ini Trust Legislation Really Important?

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i'm aittle more sceptical than youare that ini trust legislation does what economist thinks it does, or wanted to do. Anti trast regulation often does get misused, and there are many distortions. I think it certainly is a very important tool in the way that society itself will monitor how economic power is used. My guest to day has been darin as moglo of M i t daand thanks for being part of econ talk.

Daron Acemoglu, the Elizabeth and James Killian Professor at the Massachusetts Institute of Technology, talks with EconTalk host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Thomas Piketty, Karl Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.