Who first proposed crime insurance?

01/18/2008 Mises Wire Gil Guillory

Was it Thomas Aquinas? In his Summa Theologica he writes II-II-62-7:

...persons in authority who are bound to safeguard justice on earth, are bound to restitution, if by their neglect thieves prosper, because their salary is given to them in payment of their preserving justice...

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Gil Guillory

Structure of Production of Free Market Adjudication

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Session on Law and Property. Recorded March 11, 2011, at the Ludwig von Mises Institute in Auburn, Alabama.

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