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"Law influences the future, not the past. Legislative bodies may write laws in response to a past event, such as the recent financial crisis. But legislative bodies around the world can no longer prevent the crisis of 2008; they can only seek to prevent a different financial crisis from occurring in the future. A vigorous and appropriate response to the 9/11 attacks might conceivably prevent future terrorist attacks, which might or might not use airplanes, but by 9/12 keeping the World Trade Center from collapsing lay beyond human power. Attempts to address climate disruption cannot lower last year's temperature; they can only ameliorate future flooding, drought, disease, and ecosystem destruction"--
List of 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.
About the author
David M. Driesen is University Professor at Syracuse University, the thirteenth person in the university's history to hold this campus-wide position. He is the author of Environmental Law: A Conceptual and Pragmatic Approach, 2nd edition (with Robert Adler and Kirsten Engel), winner of the Keith Lynton Caldwell award, and editor of Economic Thought and US Climate Change Policy and Beyond Environmental Law (with Alyson Flournoy). His articles have appeared in the Cornell Law Review, Ecology Law Quarterly, the Harvard Environmental Law Review, the Virginia Journal of International Law and other leading journals. He was an attorney with the Natural Resources Defense Council before entering academe.
