Howell E. Jackson
Finn M.W. Caspersen and Household International Professor of Law, Harvard Law
School
I received support for this essay from Harvard Law School and its John M. Olin Center for Law, Economics and Business and benefited from the helpful comments of Lucian Bebchuk, Stephen Choi, John Coates, Louis Kaplow, Eric Pan, Mark Roe, Joel Trachtman, and participants at presentations given at the Harvard
Club of London and the Cegla Institute of Tel Aviv University. This essay is based on a lecture given to the Harvard Club of London in May 1999. Special thanks are
due to Joan Maclver, President of the Harvard Club of London.
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