ORIGINAL INTENT AND THE SHERMAN ANTITRUST ACT - A REEXAMINATION OF THE CONSUMER-WELFARE HYPOTHESIS

An important tenet of the Chicago School of antitrust asserts that the Sherman Act's framers sought to foster consumer welfare. This article challenges that interpretation by re-examining the legislative history. That history suggests that a consumer-welfare standard did not survive the legislative process and that, if anything, Congress focused on the behavior of producers.