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The Human Hive

The Reith Lectures

CHAPTER

The Role of Luck and the Law of Unintended Consequences

In the end, there's a significant amount of luck and happenstance involved in what happens. It was by no means inevitable that the settlement of 16 89 would endure. Thate was a great deal of luck and the law of unintended consequences playing a role here. I'll also be talking about why the rule of law, narrowly defined in terms of the experience of litigation, has become so very disagreeable. On both sides of the atlantic, we are creating complexity upon complexity. And if one looks back at the straightforward prop tions in walter badget's lombard street, prhaps the best book ever written on financial regulation,. If only we could get back to

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