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by rayiner
4482 days ago
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Of course its difficult to separate correlation from causation on this subject. The best study I've seen on the matter (Magee, "The Optimum Number of Lawyers") doesn't try to detangle the correlation and the causation too much, though it does try to account for a number of other variables. That said, its hard to ignore the track record of Anglo law. England was able to embrace a market economy earlier than its competitors in part due to its legalistic fixation on property rights. It had well developed legal structures suitable for bringing private money into the tasks of colonization and empire building. Its interesting to note that as China modernizes its economy, it is bringing over American legal experts to update its legal system. |
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Yes, legal frameworks that support things like property rights are important. The parent, however, was making a point about how the law has gotten overly complex over the decades, so much so that we now have an entire cadre of people whose sole job is to help others navigate that complexity.
It doesn't help that most legal documentation is written in bizarre, arcane language, as opposed to plain, spoken English.