"The Persistent Limits of Fraud Prevention in Historical Perspective" by Emily Kadens
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Authors

Emily Kadens

Publication Date

8-27-2023

Abstract

Fraud has been ubiquitous throughout history, and so have the methods of fraud prevention. History demonstrates that no anti-fraud measures have fully succeeded in eliminating deceptive market behavior. Instead, this Essay uses evidence from premodern England to argue that societies and individual contracting parties balance tolerating a certain amount of fraud against the costs of fraud prevention.

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