Presented by Willard Hurst as part of his course "Introduction to Modern American Legal History" at the University of Wisconsin Law School in 1978. Hurst discusses the impact interest groups have on society. Through this discussion, Hurst asks if technology is free and argues no. This reveals a re-shifting of the balance of power in society. Hurst ends with a discussion about the American desire to merge legal results with private collective efforts, which resulted in an increased need for specialized regulation in fields. Hurst opens this lecture with his analysis of Christopher Stone's primary thesis, which criticizes the adequacy of the private bargaining market as an institution to control economic concerns of society. Hurst discusses a number of causes for the inadequacy of private markets. The inadequacies include the private market's concern for the immediate market (short-term focus), a market bias for change, an immediate focus on interests of immediate actors, and calculus worked by money.
