Introducing The Minerva Papers, by Jorge Padilla

The Network Law Review is pleased to introduce a new series authored by Jorge Padilla. Each essay will bring Minerva’s practical reason to bear on the questions that occupy competition lawyers and economists. What follows is the concept note.

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Why this title? Among the gods of antiquity, Minerva has suffered a peculiar fate. Mars still lends his name to war, Venus to beauty and desire, Mercury to speed and commerce. Minerva, by contrast, has faded from our collective imagination. Her owl occasionally appears on the crest of a university or learned society, but the goddess herself has largely disappeared. This neglect is revealing, because Minerva represented precisely the virtues our age most urgently needs: wisdom joined to courage, knowledge disciplined by judgement, and power restrained by reflection. Minerva was neither an isolated scholar nor a clever court adviser whispering into the ear of power. She governed the relationship between thought and action. She did not glorify the violence of battle. She represented the capacity to anticipate consequences, choose one’s ground and prevail through intelligence rather than brute force. She knew that not every possible battle should be fought and that victory obtained without judgement may contain the seeds of defeat.

Minerva was also the patroness of crafts. The Romans understood something we often forget: intelligence is not exhausted by theory. It resides equally in the hand of the artisan, the eye of the architect and the accumulated experience of those who know how things are made. Minerva united the academy and the workshop. She refused the artificial separation between thinking and doing.

Why, then, have we forgotten her? Perhaps because ours is an age that rewards other gods. Mercury presides over global markets and instantaneous communication. Mars thrives in our political quarrels. Narcissus, though never an Olympian, governs social media. We celebrate disruption more readily than craftsmanship, confidence more than judgement, information more than wisdom. Knowledge is abundant, but the capacity to distinguish what matters from what merely attracts attention has become scarce.

Minerva’s wisdom was not omniscience. It was practical reason. To remember Minerva would therefore mean more than recovering an ancient myth. It would mean restoring dignity to prudence without confusing it with timidity; honouring expertise without making it unaccountable; and recognising that strength reaches its highest form when guided by self-command. It would also mean educating citizens not simply to acquire information or defend opinions, but to revise their beliefs, weigh rival claims and act responsibly amid doubt. Yet gods are sometimes forgotten only until the world needs them again. In an age rich in knowledge but poor in wisdom, the owl may already be preparing to take flight.

Dr. Jorge Padilla is Chair of Compass Lexecon International Board. Dr. Padilla earned M. Phil and D. Phil degrees in Economics from the University of Oxford. He is Research Fellow at the Centro de Estudios Monetarios y Financieros (CEMFI, Madrid) and teaches competition economics at the Toulouse School of Economics (TSE). He has given expert testimony before the competition authorities and courts of several EU member states, as well as in cases before the European Commission. Dr Padilla has submitted written testimony to the European General Court, and the UK Competition Appeals Tribunal in cartel, merger control and abuse of dominance cases. He has also given expert testimony in various civil litigation (damages), international arbitration, and competition cases in non-EU jurisdictions (Argentina, Australia, Brazil, Canada, Chile, China, Colombia, India, Israel, Jamaica, Japan, Korea, Singapore, South Africa, Taiwan, Turkey, the United Kingdom and the United States). Dr Padilla has written numerous papers on competition policy, industrial organization, intellectual property and finance in the Antitrust Bulletin, the Antitrust Law Journal, Economics Letters, the Economic Journal, the Energy Journal, the European Competition Journal, the European Competition Law Review, the Fordham International Law Journal, Industrial and Corporate Change, the International Journal of Industrial Organization, the Journal of Competition Law and Economics, the Journal of Economics and Management Strategy, Harvard Journal of law and Technology, Boston University Journal of Science and Technology Law, the Journal of Industrial Economics, the Journal of Economic Theory, the RAND Journal of Economics, the Review of Financial Studies, the University of Chicago Law Review, and World Competition. Dr Padilla is member of the Board of Trustees of the Fide Foundation, Fundación Dadóris and Fundación Jorge Padilla Blanco as well as a Founding Fellow of the Royal Economic Society (RES, London). He is also co-author of The Law and Economics of Article 102 TFEU, 3rd edition, Hart Publishing, 2020.