Geoff Manne & Gus Hurwitz on the Merger Guidelines

Marginal Revolution – ICLE President Geoffrey Manne and Director of Law & Economics Programs Gus Hurwitz were cited in a post at Marginal Revolution about their recent Wall Street Journal op-ed about the Federal Trade Commission and U.S. Justice Department’s recently unveiled draft merger guidelines. You can read full piece here.

Gus Hurwitz (a former student) and Geoffrey Manne have an excellent piece in the WSJ discussing the FTCs new merger guidelines. First, what are these guidelines?

…The new guidelines, however, are very different as they attempt not to summarize the law but to create new policy in the absence of legislation from Congress or rulings by the courts, in other words to subvert the rule of law.