From fingerprinting to criminal sentencing, from lawyer licensing to judicial selection, and from eminent domain to wealth transfers via class-action lawsuits, how do perverse incentives impact the law and what reforms would create a more just and efficient legal system?
Independent Institute Research Fellow Edward Lopéz, Associate Professor of Law and Economics at San Jose State University and editor of the new Institute book The Pursuit of Justice, talks with Institute President David Theroux about the faulty incentives at the heart of government legal failures and whether market-based alternatives can provide viable solutions to the serious problems caused by the bureaucratization and politicization of the law.
Lecture presented by Robert Higgs at the Ludwig von Mises Institute's 25th Anniversary Celebration in New York City; 12-13 October 2007. This celebratory event discusses the legacy of Ludwig von Mises, his students such as Murray Rothbard, and the movement Mises inspired. http://mises.org