Markets in everything

Stealing a topic title from Carpe Diem, I found this…

Investing in Lawsuits, for a Share of the Awards

…alarming at first blush, but after considering it, I think it’s an idea with possibilities.

On the negative side, it encourages tort actions, but it 1) can reduce the power of money and delay to block an appropriate suit (there’s an example at the link), and 2) could also convince people that tort reform is a good idea. Market pricing is information. I’d actually like it, therefore, if the results were public. That information does not appear to be available, though.