A Law Review Glossary

If, like me, you are spending some of your summer reading law review articles, you may find the following translations helpful.

For “it is likely that,” read “I would like if it were true that …”

For “has the greatest institutional competence,” read “is currently staffed by people who agree with me.”

For “excluding transaction costs,” read “excluding reality.”

For “including transaction costs,” read “including a fudge factor.”

For “we,” read “I.”

The Glossary reads like the lines of a song from the ‘Grampian Hills’

Andrew Pinnock’s (2007)’The Grampian Hills : An Empirical test for rent-seeking behavior in the arts.’ Is (as Bart would say) - funny because its true.