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Vol 21 No 10 Oct/Nov 2016

Book of the Month

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Criminal Injuries Compensation Claims

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The Economic Dynamics of Law


ISBN13: 9781107004856
Published: September 2012
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: £69.99
Paperback edition , ISBN13 9781107699465



Despatched in 7 to 9 days.

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.

Subjects:
Jurisprudence
Contents:
1. Introduction
2. Neoclassical law and economics
3. The economic collapse of 2008
4. Economic dynamic theory
5. Financial regulation
6. Contract law's inefficiency
7. Property law: a macroeconomic view
8. Intellectual property: economic dynamic scholarship and neoclassical law
9. Size matters: antitrust, empowerment, and systemic risk
10. On the dangers of ignoring the economic dynamics of national security
11. Climate disruption: an economic dynamic approach
12. Conclusion.