…don't know well. That person gets a job, you get an employee, so you're both better off. As long as this benefit is greater than the cost of enforcing the law, that law has created wealth. I recommend Law's Order by David Friedman for a whole lot more on this subject. It's a fascinating introduction to the application of economics to law.
…Einstein obit—but Ronald Coase was one of the most creative economists of the 20th century and deserves to be widely known. For a great introduction to Coase's Theorem and its implications, I recommend Law's Order by David Friedman (available in a nearly illegible online edition at http://www.daviddfriedman.com/laws_order/, but I recommend the print version). It will challenge many of the things you think you know…
…possibility of false positives -- but it has its adherents.) A real eye-opener for me regarding these questions of weighing the costs and benefits (i.e. the economics) of punishment was Thomas Friedman's book Law's Order. Until I read that, I thought the whole question was just a political fight. And while it certainly is a political fight, there's a much more objective kind of analysis available -- in fact, it's the…
…并不怎么熟。那个人得到了工作，你得到了员工，所以你们俩都过得更好了。只要这个收益大于执法成本，那这项法律就创造了财富。关于这个主题，我推荐大卫·弗里德曼的《法的经济分析》，里面讲得透彻得多。这是对经济学在法律中应用的一次极其精彩的介绍。
…don't know well. That person gets a job, you get an employee, so you're both better off. As long as this benefit is greater than the cost of enforcing the law, that law has created wealth. I recommend Law's Order by David Friedman for a whole lot more on this subject. It's a fascinating introduction to the application of economics to law.
…爱因斯坦的讣告——但罗纳德·科斯是20世纪最具独创性的经济学家之一，理应被更多人知晓。要全面了解科斯定理及其现实影响，我推荐大卫·弗里德曼写的《法的经济分析》（在 http://www.daviddfriedman.com/laws_order/ 有个几乎让人看瞎眼的在线版，但我建议买实体纸质版）。它会颠覆你许多自以为懂的…
…Einstein obit—but Ronald Coase was one of the most creative economists of the 20th century and deserves to be widely known. For a great introduction to Coase's Theorem and its implications, I recommend Law's Order by David Friedman (available in a nearly illegible online edition at http://www.daviddfriedman.com/laws_order/, but I recommend the print version). It will challenge many of the things you think you know…
…存在误报的可能——但它确实有一批支持者。）关于权衡惩罚的成本与效益（即其经济学本质）这类问题，真正让我大开眼界的是托马斯·弗里德曼的书《法的经济分析》。在读它之前，我一直以为整个问题无非就是政治角力。虽说它确实是一场政治博弈，但其实存在一种客观得多的分析框架——事实上，它才是…
…possibility of false positives -- but it has its adherents.) A real eye-opener for me regarding these questions of weighing the costs and benefits (i.e. the economics) of punishment was Thomas Friedman's book Law's Order. Until I read that, I thought the whole question was just a political fight. And while it certainly is a political fight, there's a much more objective kind of analysis available -- in fact, it's the…