
 The Answer Is Transaction Costs
 The Answer Is Transaction Costs Certainty, Common Law, and Statutory Law: Todd Zywicki of Scalia Law
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 Oct 22, 2024  Todd Zywicki, a law professor at George Mason's Scalia Law School, delves into the tension between common law and statutory law. He reflects on the wisdom of thinkers like Bruno Leoni and Friedrich Hayek, advocating for spontaneous order in the legal realm. Zywicki discusses the judiciary's role in ensuring self-governance and examines how modern legal systems can mirror market dynamics. The conversation also touches on the historical evolution of legal thought and the complexities businesses face amidst changing regulations. 
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 Transcript 
 Episode notes 
 1  2  3  4  5  6 
 Intro 
 00:00 • 3min 
 Legal Certainty and Common Law Insights 
 03:21 • 14min 
 Exploring Public Choice Theory and Information Limitations 
 17:46 • 1min 
 Uncovering Law: Insights from Roman and Common Law 
 19:03 • 23min 
 Supreme Court Authority and Legislative Dynamics 
 41:52 • 6min 
 Navigating Legal Certainty and Price Gouging Anecdotes 
 48:21 • 5min 
