Truth on the Market
You’ve seen the blog posts (e.g., here) and the working paper. Now you can get the published article here. Let me know if you want a reprint.
Professor of Law, University of Illinois College of Law
A thorough and useful framework which takes the debate and analysis much further on.
I suspect the 3rd category of legal innovation as securitisable assets is actually a lot further on than the simple litigation cost funder roles that are emerging.
I particularly enjoyed the counter intuitive/economics explanation for why more regulation delivers worse results for consumers. In the UK the current bubble is based around those who preach de-regulation but practice protectionism.
Keep ‘positing’ – it helps.
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