I am sure you, like me, have been on the lookout for an elegant, readable, sophisticated and fairly short book about sovereign debt agreements. And one that happens to end as a critique of elite legal practice.

And here it is – The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design by Professors Gulati and Scott. It blends economic and behavioural theory, history and law, qualitative and quantitative data with solid and measured arguments.