Helen Kean Redpath

By Helen Kean Redpath & Phil Alves1 The new draft merger guidelines (“DMGs”) are proposing major changes to merger policy in the United States and bringing underlying competition policy debates to a head. In the past, U.S. merger guidelines have been influential in other jurisdictions, South Africa included.

Photo by Edwin Hooper on Unsplash So often people assume the economics discipline (including competition economics) to be overly complicated and unrelated to their lives. This is largely the fault of economists who make it such. But it does not have to be this way. Despite that economics as a discipline probably has a long way to evolve to become more relevant, it already provides us with a great framework and language with which to explain everyday phenomena around us.