States and the economy Book

What I especially appreciate about Epstein is the he can argue so clearly for his principled approach, without having to resort to ranting about specific examples. Richard Epstein explains how simple concepts of law have been subverted by complex rule-making, resulting in economic inefficiencies driven by ambiguity, defensive tactics, and poor allocation. x: "But how seriously can one take a legal system that devotes more of its intellectual ingenuity to identifying and correcting market failures resulting from asymmetrical and imperfect information in employment than to containing violence on the street?" The 6 simple rules are: Individual self-ownership, 2. first possession, 3. contract, 4. torts, 5. necessity, coordination, and just compensation, and 6. take and pay (and the 7th for tax law would be "flat tax").