Celebrating humanity's flourishing through the spread of capitalism and the rule of law
03 Jul 2014 Leave a comment
in David Friedman, law and economics Tags: Law's Order
https://www.youtube.com/watch?v=zHTj0iccdVM#t=87
Legal rules exist to change what people do…
Economics deals with how people respond to incentives…
Economics can both help make sense of the law and help decide what the law should be…
what we call the principles of justice may be actually be rules for thumb for producing efficient outcomes.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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