David Friedman Quote

Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to those incentives


Law's Order: What Economics Has to Do With Law and Why It Matters, 2001


Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to...

Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to...

Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to...

Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to...