Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to thos… - David D. Friedman

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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 (p.11)

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About David D. Friedman

David Director Friedman (born February 2, 1945) is a law professor and writer, who became a leading figure in the anarcho-capitalist community.

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Native Name: David Friedman
Alternative Names: David Director Friedman
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Additional quotes by David D. Friedman

In the ideal socialist state, power will not attract power freaks. People who make decisions will show no slightest bias towards their own interests. There will be no way for a clever man to bend the institutions to serve his own ends. And the rivers will run uphill. (p.108)

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We must ask, not whether an anarcho-capitalist society would be safe from a power grab by the men with the guns (safety is not an available option), but whether it would be safer than our society is from a comparable seizure of power by the men with the guns. I think the answer is yes. In our society, the men who must engineer such a coup are politicians, military officers, and policemen, men selected precisely for the characteristic of desiring power and being good at using it. They are men who already believe that they have a right to push other men around - that is their job. They are particularly well qualified for the job of seizing power. Under anarcho-capitalism the men in control of protection agencies are selected for their ability to run an efficient business and please their customers. It is always possible that some will turn out to be secret power freaks as well, but it is surely less likely than under our system where the corresponding jobs are labeled 'non-power freaks need not apply'. (pp. 123-124)

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