Economics professor (emeritus) at the University of Hartford

Born

1940, in Hartford, Connecticut

Associations

Adjunct Scholar, Cato Institute
Research Fellow, Independent Institute
Associated Scholar, Ludwig von Mises Institute

Articles

Monopolies versus the Free Market, Part 1, by Gregory Bresiger, Future of Freedom, Sep 2006
Contrasts state-backed monopolies or quasi-monopolies vs. regular businesses in a free market, with historical and current examples, and discusses antitrust laws
"At this point, competitors, backed up by consumer-interest groups, raise a ruckus and insist that the Justice Department intervene. Indeed, according to economist Dominick T. Armentano, 90 percent of all antitrust litigation has been brought by one firm against another. Armentano also points out that the 'history of antitrust regulation reveals that these laws have often served to shelter high-cost, inefficient firms from the lower prices and innovations of competitors.'"

Writings

Antitrust Reform: Predatory Practices and the Competitive Process [PDF], The Review of Austrian Economics, 1989
"Predatory behavior cannot be logically distinguished from benign competitive behavior either by intent or by any price-cost rules. Price reductions, selective or otherwise, and various nonprice rivalrous strategies (such as advertising and innovation) are all part and parcel of a competitive market process."
My Life as a Libertarian, 21 Jul 2003

Interviews

The Anatomy of Antitrust: An Interview With Dominick T. Armentano, Austrian Economics Newsletter, 1998
"... we will never get rid of antitrust [laws] until we get rid of the incorrect theories of monopoly and competition that drive the antitrust establishment. What we've got out there are bad theories of competition and terrible theories of monopoly power. So long as these wrong theories are out there, we will have the wrong policy."

Books Authored

Antitrust: The Case for Repeal
    by Dominick T. Armentano, Ludwig von Mises Institute, Apr 1999
Partial contents: The Antitrust Assault on Microsoft - The Case Against Antitrust Policy - Competition and Monopoly: Theory and Evidence - Barriers to Entry - Price Discrimination and Vertical Agreements - Horizontal Agreements: Mergers and Price Fixing
Antitrust and Monopoly: Anatomy of a Policy Failure
    by Dominick T. Armentano, Independent Institute, 1982
Partial contents: The Legitimacy of Antitrust Policy - Competition Theory and the Market Economy - Monopoly under the Sherman Act - Monopoly in Business History - Price Conspiracy and Antitrust Law - Price Discrimination and the Competitive Process

Videos


Anti-Trust and Monopoly, by Ron Paul, 13 Jul 1983
A conversation with Ron Paul, hosted by Roger Ream, with guest Prof. Dominick Armentano