Tag Archives: torts

The fundamental mystery of capitalism, in my mind, is how a lot of locally zero-sum fights—over customers, over bread, over a job opening—can result in a globally positive-sum game like 2%/year economic growth over a century. Just had a small … Continue reading

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Richard Posner has made a name for himself applying cost-benefit analysis to the law. In this book he asks how we should think about very very unlikely scenarios that are very, very bad. In Catastrophe, Posner wonders what the law … Continue reading

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The Jesus Norm

They say unto him, Rabbi, this woman was taken in adultery, in the very act. Now Moses in the law commanded us, that such should be stoned: but what sayest thou? This they said, tempting him, … they continued asking … Continue reading

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