Gee’s Reviews > The Curse of Bigness: Antitrust in the New Gilded Age > Status Update

The idea that Congress was concerned with “allocative efficiency” in 1890 or even 1914 or 1950 is an economic version of anthropomorphism. In contrast, it is no great stretch to say that Congress was interested in the preservation of competition. The Congressional record does not contain the words “allocative efficiency,” “consumer welfare,” or “wealth transfer," but ...