The economic dynamics of climate disruption and the need for a better legal theory

David M. Driesen

doi:10.1163/18786561-00803004

The economic dynamics of climate disruption and the need for a better legal theory

David M. Driesen

College of Law

Research output: Contribution to journal › Article › peer-review

Abstract

While the law of climate disruption constitutes a field of positivist study, the normative legal theory of climate disruption remains poorly understood. Many scholars treat climate-disruption law as another branch of neoclassical law and economics. This article argues that this approach does not fit climate law well and proposes an economic dynamic theory that provides a broad and useful framework for thinking about climate-disruption law and many other fields of law.

Original language	English (US)
Pages (from-to)	172-182
Number of pages	11
Journal	Climate Law
Volume	8
Issue number	3-4
DOIs	https://doi.org/10.1163/18786561-00803004
State	Published - 2018

Keywords

Allocative efficiency
Behavioural economics
Economic dynamics
Economic efficiency
Economic incentives
Law and economics
Market mechanisms

ASJC Scopus subject areas

Management, Monitoring, Policy and Law
Law

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10.1163/18786561-00803004

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abstract = "While the law of climate disruption constitutes a field of positivist study, the normative legal theory of climate disruption remains poorly understood. Many scholars treat climate-disruption law as another branch of neoclassical law and economics. This article argues that this approach does not fit climate law well and proposes an economic dynamic theory that provides a broad and useful framework for thinking about climate-disruption law and many other fields of law.",

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AB - While the law of climate disruption constitutes a field of positivist study, the normative legal theory of climate disruption remains poorly understood. Many scholars treat climate-disruption law as another branch of neoclassical law and economics. This article argues that this approach does not fit climate law well and proposes an economic dynamic theory that provides a broad and useful framework for thinking about climate-disruption law and many other fields of law.

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KW - Economic incentives

KW - Law and economics

KW - Market mechanisms

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The economic dynamics of climate disruption and the need for a better legal theory

Abstract

Keywords

ASJC Scopus subject areas

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