The 16h Annual Friedrich A. Von Hayek Lecture скачать в хорошем качестве

The 16h Annual Friedrich A. Von Hayek Lecture

Thursday, March 23, 2023 The 16h Annual Friedrich A. Von Hayek Lecture The Origins of System in Property Law Presented by Henry E. Smith Fessenden Professor of Law Harvard Law School Henry E. Smith is the Fessenden Professor of Law at Harvard Law School, where he directs the Project on the Foundations of Private Law. Smith has written primarily on the law and economics of property, intellectual property, and remedies, with a focus on how property-related institutions lower information costs and constrain strategic behavior. Drawing on then-new tools of systems theory, Hayek offered an alternative picture of law as a spontaneous order, by analogy to other social orders like the market and custom. This paper will argue that the tools of system theory also point to sources of order within the law: although law is not the deductive machine in the realist caricature, it is a loosely interconnected system of interlocking concepts that produces emergent properties of efficiency and justice (or their opposites) at the societal level. This kind of system is neither wholly spontaneous nor fully designed. For more information on the lecture, please visit Classical Liberal Institute's website.