Rule of Reason
RULE OF REASON
RULE OF REASON, a judicial principle applicable when the purpose and intent of legislation are open to serious question. Application of the principle has been largely restricted to the interpretation of the Sherman Antitrust Act of 1890. This measure, if taken literally, would be unenforceable, and possibly unconstitutional. To evade the issue of the law's constitutionality, the Supreme Court, in the 1911 cases Standard Oil Company v. United States and United States v. American Tobacco Company, enunciated the rule of reason and used it to conclude that the statutory prohibition of "all combinations in restraint of trade" set forth in the act actually meant "all unreasonable combinations in restraint of trade."
Letwin, Willam. Law and Economic Policy in America: The Evolution of the Sherman Antitrust Act. Chicago: University of Chicago Press, 1981 .
W. BrookeGraves/f. b.
"Rule of Reason." Dictionary of American History. . Encyclopedia.com. (November 24, 2017). http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/rule-reason
"Rule of Reason." Dictionary of American History. . Retrieved November 24, 2017 from Encyclopedia.com: http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/rule-reason
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.