Edwin S. Rockefeller, drawing on 50 years experience with the antitrust laws, offers an explanation for their enduring irrationality. He questions whether any sense can be made of our antitrust statutes and their enforcement.
Focusing on the evolution of "Old Yale" from its founding in 1701 to its decline in the 20th century, the book delves into the dynamics of the Ivy League Cartel, which stifles price competition among its members and enables ongoing tuition hikes. It highlights the role of adept legal strategies and the backing of the academic community in maintaining this cartel, offering insights into the intersection of education, economics, and institutional power.