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Aug 26, 1997

Randy E. Barnett on Polycentric Legal Orders

Professor Randy E. Barnett teaches constitutional law and contracts at the Georgetown University Law Center. He is also a Senior Fellow at the Cato Institute. In this 1997 lecture from a meeting of the International Society of Individual Liberty he speaks broadly on various methods of constraining state power including federalism and the separation of powers, the power of exit, and existing and theoretical polycentric legal orders. Barnett suggests that two simple rules must be present for polycentric orders to work: a “nonconfiscation principle,” and a “competition principle.”