Format:
1 online resource (264 p.)
,
digital, PDF file(s)
ISBN:
9780511792465
Content:
This book offers a dynamic theory of law and economics focused on change over time, aimed at avoiding significant systemic risks (like financial crises and climate disruption) and implemented through a systematic analysis of law's economic incentives and how people actually respond to them. This theory offers a new vision of law as fundamentally a macro-level enterprise establishing normative commitments and a framework for numerous private transactions, rather than as an analogue to a market transaction. It explains how neoclassical law and economics sparked decades of deregulation culminating in the 2008 financial collapse. It then shows how economic dynamic theory helps scholars and policymakers make wise choices about how to avoid future catastrophes while keeping open a robust set of economic opportunities, with individual chapters addressing the law and economics of financial regulation, contract, property, intellectual property, antitrust, national security and climate disruption
Content:
An introduction to the economic dynamics of law -- Neoclassical law and economics -- The economic collapse of 2008 -- The economic dynamic theory -- Financial regulation -- Contract law's inefficiency -- Property law : a macroeconomic view -- Intellectual property : economic dynamic scholarship and neoclassical legal change -- Size matters : antitrust, empowerment, and systemic risk -- On the dangers of ignoring the economic dynamics of national security -- Climate disruption : an economic dynamic approach -- Conclusion: on economic dynamics' value and limits
Note:
Title from publishers bibliographic system (viewed on 20 Jul 2012)
,
Mode of access: World Wide Web
Additional Edition:
ISBN 9781107004856
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9781107004856
Language:
English
Subjects:
Economics
,
Law
Keywords:
Ökonomische Theorie des Rechts
DOI:
10.1017/CBO9780511792465
URL:
Volltext
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URL:
Volltext
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