Certainty, Common Law, and Statutory Law: Todd Zywicki of Scalia Law
The Answer Is Transaction Costs
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Intro
This chapter examines the importance of transaction costs in legal systems and the development of common law, reflecting on the speaker's intellectual influences from economists like Hayek and Leoni. It discusses the interplay between institutions and transaction costs, shedding light on the historical roots of modern legal and economic thought.
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