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#37 – Gillian Hadfield on Regulatory Markets, Silly Rules, and why Humans Invented Law

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Is There a Regulative Market?

i've been thinking about this for 20 years, says Riht. The idea of a way of coming up with regulation which involves some kind of market forces is just the idea of a regulatory market. How safe do we want our cars and work places to be? How much risk do we want people who are buying legal services to face that they will get bad advice or wrong advice or corrupted advice? And then, as i said, there's this regulatory technology question. Oka, how are we going to take, hurry, in anslate, that normative or political decision into actual changes in behavior on the ground?"

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