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

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The Emergence of Law

At the start of the nineteenth century, unlike in england and canada, at that time, anybody could practise law. There were no law school requirements tog. You didn't have to a study for three years. It's anti emigrant. Its racist. It's driven by, we don't want just anybody in our professionah. But from a kind of legal and economic why does it work? I think it actually works pretty well to create a structure of courts like we would recognize today.

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