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The Market for Law - David Friedman

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Published on Apr 5, 2012

David Friedman starts speaking at 4:27.

Is there a market for good law? Without the state providing law, could it be offered by multiple, private, and competing agencies?

David Friedman, professor of law at Santa Clara University, explored this idea in his classic 1973 book, The Machinery of Freedom: Guide to a Radical Capitalism. But in the years since, he's revised and strengthened some of his theories. In this talk, Friedman will offer these new ideas from the last 30 years of thinking about the market for law.

Schelling points:
http://www.youtube.com/watch?v=3-FAa6...

The legal system of medieval Iceland:
http://www.daviddfriedman.com/Academi...

Chapter of The Machinery of Freedom on Police, Courts and Law on the Market:
http://www.daviddfriedman.com/Liberta...

Source:
http://www.cato.org/event.php?eventid...

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