Gillian Hadfield on Law and Rules For a Flat World

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4.7 • 4.3K Ratings

🗓️ 11 September 2017

⏱️ 67 minutes

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Summary

Law professor Gillian Hadfield of the University of Southern California and author of Rules for a Flat World talks with EconTalk host Russ Roberts about the ideas in her book for regulating the digital future. Hadfield suggests the competitive provision of regulation with government oversight as a way to improve the flexibility and effectiveness of regulation in the dynamic digital world we are living in.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:09.3	I'm your host, Russ Roberts, of Stanford University's Hoover Institution.
0:13.8	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:18.9	links and other information related to today's conversation.
0:21.7	You'll also find our archives where you can listen to every episode we've ever done going
0:26.1	back to 2006.
0:28.3	Our email address is mailadycontalk.org.
0:30.8	We'd love to hear from you.
0:32.5	Today is August 28th, 2017, and my guest is Jillian Hadfield, the Richard L. and Antoinette
0:41.1	Shamoi Kirkland Professor of Law, and Professor of Economics at the University of Southern
0:46.4	California, and the author recently of Rules for a Flat World, why humans invented law
0:53.2	and how to reinvent it for a complex global economy, published by Oxford University Press,
0:59.4	and that book is the subject of today's conversation.
1:01.9	Jillian, welcome to Econ Talk.
1:03.4	Hi, Russ, really great to be here.
1:05.8	So let's start with the central idea of the book.
1:08.0	Why do we need to reinvent law for a complex global economy?
1:12.2	What's missing with what we have now?
1:14.7	Well, the reason we need to reinvent it is first that it's critical infrastructure.
1:20.6	So it's not just something we layer on top of our market economy to maybe respond to
1:26.8	market failures, but it's the basic platform on which humans have always built, sets of
1:32.0	rules.
	...

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