The 'Unintended Consequences' Game
AbstractA simple consideration of history tells us that each new piece of legislation contains loopholes that benefit a new class of entrepreneurs; some of these loopholes are small, but others are such that one could drive a bullion-laden truck through them. In this new Policy Note, Martin Shubik suggests creating a “war gaming group” to stress-test all major new legislation, with a first prize of $1 million to be awarded to the competing lawyer or team of lawyers who finds the most egregious loophole—a small amount relative to the potential savings.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 09-6.
Date of creation: Apr 2009
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
- NEP-HPE-2009-06-17 (History & Philosophy of Economics)
- NEP-PKE-2009-06-17 (Post Keynesian Economics)
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