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The Persistent Limits Of Fraud Prevention In Historical Perspective, Emily Kadens
The Persistent Limits Of Fraud Prevention In Historical Perspective, Emily Kadens
Northwestern University Law Review
Fraud has been ubiquitous throughout history, and so have the methods of fraud prevention. History demonstrates that no anti-fraud measures have fully succeeded in eliminating deceptive market behavior. Instead, this Essay uses evidence from premodern England to argue that societies and individual contracting parties balance tolerating a certain amount of fraud against the costs of fraud prevention.