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Google Law?, F.E. Guerra-Pujol
Google Law?, F.E. Guerra-Pujol
F.E. Guerra-Pujol
In this paper, we discuss the details of our proposed "Google law" or "turing trial" experiment and offer a tentative proof of concept for our alternative model for trying cases and resolving disputes; that is, we tentatively specify the conditions under which our alternative model of justice would work in practice. In addition, we assume the role of a justice entrepreneur and propose the creation of a competitive justice market in place of state-owned courts and the existing government monopoly over the supply of justice. To this end, we explain why a competitive market for justice is not only feasible …
Where Did Mill Go Wrong?: Why The Capital Managed Firm Rather Than The Labor Managed Enterprise Is The Predominant Organizational Form In Market Economies, Justin Schwartz
Justin Schwartz
In this Article, I propose a novel law and economics explanation of a deeply puzzling aspect of business organization in market economies. Why are virtually all firms are organized as capital managed and owned (capitalist) enterprises rather than as labor managed and owned cooperatives? Over 150 years ago, J.S. Mill predicted that efficiency and other advantages would eventually make worker cooperatives predominant over capitalist firms. Mill was right about the advantages but wrong about the results. The standard explanation is that capitalist enterprise is more efficient. Empirical research, however, overwhelmingly contradicts this. But employees almost never even attempt to organize …