Reference no: EM133609225

Question: Evaluate this analogical argument. What principles do the argument follow, and what principles does it not follow so well? Identify at least three of each.

By what conceivable standard can the policy of price-fixing be a crime, when practiced by businessmen, but a public benefit, when practiced by the government? These are many industries in peace-time - trucking, for instance - whose prices are fixed by the government. If price-fixing is harmful to competition, to industry, to production, to consumers, to the whole economy and to the "public interest" - as the advocates of the antitrust laws have claimed - then how can the same harmful policy become beneficial in the hands of the government? Since there is no rational answer to the question, I suggest that you question the economic knowledge. the purpose and the motives of the champions of antitrust.