9781139423717 (electronic bk.)

1139423711 (electronic bk.)

9781139421676

1139421670

9781280682896

1280682892

9780511792465 (electronic bk.)

0511792468 (electronic bk.)

9781107004856

1107004853

"This book offers a theory of law and economics focused on change over time, aimed at avoiding systemic risks, and implemented through an analysis of law's economic incentives and how people respond to them"-- Provided by publisher.

"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"-- Provided by publisher.