In this fireside chat I initially discuss the technical aspects about how the key competition provisions of the Trade Practices Act have been enacted as state and territory laws without sacrificing the principle of parliamentary
sovereignty. The result is that there is now a unified, nationally based competition law regime.

The question then becomes what are the goals of this regime? To answer this, and with the particular assistance of the topic cartoon on the CD ROM, we turn to consider the differences in emphasis between Chicago and Harvard school
theorists in the United States and note that the Chicago emphasis on efficiency, first, last and in-between as the goal of competition law is currently in the ascendency.

In the interest of brevity and recognising that this topic is a little dry for some tastes, there is no discussion of current developments on this occasion.

Click here to listen to the fireside chat.