is there a pithy law & economics term for “the law as various observers believe it to be” vs what it actually is in practice?
Oh dear. This is the sort of stuff I spent several years arguing against in the late 80s. I seem to be repeating that in the Eggplant book to start me extent.
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It doesn’t work and can’t work, but seeing this requires letting go of rationalist wishful thinking, which is difficult.
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Whoops that should be “some extent”. Stupid autocorrect
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