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RULES VERSUS COST-BENEFIT ANALYSIS IN THE COMMON LAW
economic liberty COMMON LAW COST-BENEFIT ANALYSIS
2008/12/8
When they speak so resonantly of “public policy,” do lawyers have
the slightest idea what they’re talking about?
—B. A. Ackerman’
One of the most significant insights into the history of Anglo-
American law offered by F. A. Hayek concerns the superiority of
common over statute law in framing a free society.