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The Economic Dynamics of Law [Kindle Edition]

David M. Driesen
4.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

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.


Editorial Reviews

Book Description

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.

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.

Product Details

  • File Size: 1187 KB
  • Print Length: 255 pages
  • Page Numbers Source ISBN: 1107004853
  • Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
  • Publisher: Cambridge University Press (May 16, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B0089NUUZ0
  • Text-to-Speech: Enabled
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  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #622,914 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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4.0 out of 5 stars The Economic Dynamics of Law June 11, 2013
Format:Kindle Edition
The beauty of David Driessen's work is that he very carefully unpacks neoclassical economics and shows it shortfalls when applied to law and economics. Driessen poses a critical alternative to neoclassical economics with the economic dynamics theory. The book provides some hands on tools for better law/policy making, and poses intriguing questions about a (too) dominant focus in current law/policy making on (economic) efficiency as the main criterion. It is a great read for students of law and economics, and policy makers and practitioners alike.
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More About the Author

David Driesen is a University Professor at Syracuse University,the thirteenth person in the university's history to hold that university-wide position. His research focuses primarily on the role of economic thought in environmental law. His first book, THE ECONOMIC DYNAMICS OF ENVIRONMENTAL LAW (MIT Press 2003), won the Lynton Keith Caldwell award for the best book of the year in science, technology, and environmental studies. Since then, he has published THE ECONOMIC DYNAMICS OF LAW (Cambridge University Press 2012); ENVIRONMENTAL LAW: A CONCEPTUAL AND PRAGMATIC APPROACH (Aspen 2011) ((2nd edition with Robert Adler and Kirsten Engel), and two edited volumes, BEYOND ENVIRONMENTAL LAW (Cambridge University Press, 2010) (with Alyson Flournoy), and ECONOMIC THOUGHT AND U.S. CLIMATE CHANGE POLICY (MIT Press 2010. His articles have appeared in leading journals, such as Cornell Law Review, Fordham Law Review, Ecology Law Quarterly, Virginia Journal of International Law, and Harvard Environmental Law Review. He is a member of the editorial boards of Environmental Law (Oxford) and Carbon and Climate Law Review and a leader of the Center for Progressive Reform's climate change program. He was the 2008 Vermont Law School Distinguished Summer Scholar in Environmental Law and a visiting Professor at the University of Michigan Law School in 2006. Professor Driesen holds a J.D. from the Yale Law School and served as an attorney in the Natural Resources Defense Council's air and energy program prior to entering academia. Prior to becoming a lawyer, Driesen was a freelance trumpet performer and continues to perform today with the Excelsior Cornet Band and Syracuse University Brass Ensemble.

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