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Defending The Restatement Of The Law, Liability Insurance: "Regulatory Considerations", Tom Baker, Kyle D. Logue
Defending The Restatement Of The Law, Liability Insurance: "Regulatory Considerations", Tom Baker, Kyle D. Logue
Law & Economics Working Papers
As the Restatement of the Law, Liability Insurance (“the Restatement”) has progressed through the rigorous drafting process of the American Law Institute (the “ALI”), insurance industry organizations have pursued an “inside and outside” strategy regarding the project. Insofar as we are aware of these efforts in our role as Reporters for the Restatement, the industry’s “inside” efforts have consisted of the invited participation of a liason to the project from the American Insurance Association, and communications to the Reporters from Advisers and ALI members who are knowledgeable about insurance industry concerns; and the “outside” efforts have consisted of lobbying of …
Be Careful What You Wish For? Reducing Inequality In The 21st Century, Reuven S. Avi-Yonah, Orli Avi-Yonah
Be Careful What You Wish For? Reducing Inequality In The 21st Century, Reuven S. Avi-Yonah, Orli Avi-Yonah
Law & Economics Working Papers
Stanford historian Walter Scheidel’s The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century (Princeton Univ. Press, 2017), is, in some respects, the anti-Piketty. Scheidel accepts Piketty’s view that inequality tends to grow over time, but adds a crucial caveat that runs directly opposite to Piketty’s optimistic proposals. Scheidel argues that the historical record demonstrates that inequality can only be reduced by violent means. Therefore, the Piketty proposals to reduce inequality peacefully are unrealistic, and Scheidel concludes his book by arguing that we should accept inequality as the price of peace: “All of …