Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Rule of reason
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
{{short description|American legal doctrine}} {{More footnotes|date=July 2008}} {{Competition law}} {{Slist rule of reason}} The '''rule of reason''' is a [[legal doctrine]] used to interpret the [[Sherman Antitrust Act]], one of the cornerstones of [[United States antitrust law]]. While some actions like [[Price fixing|price-fixing]] are considered [[illegal per se|illegal ''per se'']]'', ''other actions, such as possession of a [[monopoly]], must be analyzed under the rule of reason and are only considered illegal when their effect is to unreasonably'' ''[[Restraint of trade|restrain trade]]. [[William Howard Taft]], then Chief Judge of the [[United States Court of Appeals for the Sixth Circuit|Sixth Circuit Court of Appeals]], first developed the doctrine in a ruling on ''[[Addyston Pipe and Steel Co. v. United States]], ''which was affirmed in 1899 by the [[Supreme Court of the United States|Supreme Court.]] The doctrine also played a major role in the 1911 Supreme Court [[Legal case|case]] ''[[Standard Oil Company of New Jersey v. United States]].''
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)