2min chapter

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David Friedman - Dating Markets, Legal Systems, Bitcoin, and Automation

Dwarkesh Podcast

CHAPTER

The Importance of Contract in Conflict

In the Icelandic system, how well you are protected partly depends on how much of whatever resources are used for conflict you can command. But at the same time, how much protection you need depends on how strong other people's reason to want to violate your rights are. And after all, I discussed this in the context of the Icelandic system a thousand years ago. So it was really the relevant power in that was not mainly money. It was mainly alliances.

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