Lawyers' status-quo bias and large political contributions help preserve inefficient policies—liability/tort, regulation, and the patent regime—where external academic evidence makes it hard to show positive net social benefits, so the profession resists efficiency-improving reforms that would reduce transactions costs and litigation.

causalpending

Speaker

Clifford Winston

Evidence Quote

it's very hard to make a strong case that these things are generating positive net benefits so in a sense you get it both ways you get these things sort of influencing premia benefiting to lawyers

Source

Clifford Winston on Lawyers 09/5/2011EconTalk
Created: 6/15/2026, 9:26:52 AM

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