The Curious Task cover image

David Friedman - What Does Law Have To Do With Economics?

The Curious Task

00:00

What Is Wrong With Theft?

When some one steals a hundred dollars from me, he's a hundred dollars better off. But the fact that he can make money by stealing from me gives him an incentive to spend time and effort finding people or breaking into houses. If i do cease a rich guy with and reach into his pocket, it turns out as emptyas another pickpocket pickedeted three minutes before. So there's a net loss. And once you think about it that way, you realize that theft isn't the only thing in that category. Thet arguably politically lobby at. Well, the transfer of money may be harmless, but the efforts to get it are a net waight at net cost.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app