Antitrust Chronicle® – Consumer Welfare… A Technocrat & A Populist Walk Into A Bar

Dear Readers,

In this issue of the CPI Antitrust Chronicle®, we tackle the ongoing debate surrounding the consumer welfare standard in antitrust law.

Since the rise to pre-eminence in the 1970s of the U.S. Chicago School, and the “more economic approach” to competition law enforcement in the EU in the 1990s, the consensus was, for a long time, that the overarching goal of antitrust rules should be to protect “consumer welfare.”

While its contours are hotly debated, even by its proponent