# Competition, Monopoly, and Antitrust **URL:** **By** Dominick Armentano **Published:** September 15, 1981 --- Dominick Armentano makes the case that a competitive economy doesn't need antitrust laws to function well. Dominick Armentano is Professor Emeritus at the University of Hartford. He holds a Ph.D. in economics from the University of Connecticut and specializes in antitrust studies and economic history. His books include _Antitrust and Monopoly: Anatomy of a Policy Failure_ (1990), _Antitrust: The Case for Repeal_ (2007), and _The Political Economy of William Graham Sumner_ (1966). In this lecture from a Council for a Competitive Economy seminar in 1981, Armentano makes the case that a competitive economy doesn't need antitrust laws to function well. He approaches this thesis from moral, theoretical, and practical perspectives, gives a short history of antitrust law cases, and takes questions from the audience.