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"Summary "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.Contents Machine generated contents note: 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 legal change; 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."

"ABSTRAKAn increasing number of researchers have hypothesized that regulatory attempts to improve automotive safety through product design would be at least partially offset by driver behavioral changes. This article analyzes two independent data sets to test whether differences in driver behavior exist between cars equipped with air bags and those not so equipped. An analysis of an insurance industry generated data sets reveals that relative injury claims increase following adoption of an air bag system. Since there is no indication that the increase diminishes over time, the results appear to be attributable to offsetting behavior as opposed to a sorting of auto buyers. Analyses of 1993 Virginia State Police accident reports indicate that air-bag-equipped cars tend to be driven more aggressively and that aggressiveness appears to offset the effect of the air bag for the driver and increases the risk of death to others."

"Indonesia will be welcoming the ASEAN Economic Community in 2015 as a multilateral agreementto create integrated regions such as: (a) a single market and production base, (b) a highlycompetitive economic region, (c) a region of equitable economic development, and (d) a regionfully integrated into the global economy. These characteristics are interrelated and mutuallyreinforcing in a sense that overall development would not be complete without total completionof the previous sector. This article discusses the participation of Indonesia as part of ASEAN as asingle market and production base, through free flow of services which targets higher educationin law. The author researched that Indonesian higher education system still faces issues, especiallyin legal education. As a result, the quality of Indonesian law graduate still varies. Indonesian legaleducation is special in nature since it is considered profession and regulated by code of ethic.According to the author, legal education should be integrated with profession organization sothat upon graduation, law graduates can directly conduct internship according to their desiredprofession and compete against ASEAN law graduates.Indonesia akan menghadapi ASEAN Economic Commmunity pada tahun 2015 sebagai realisasiperjanjian multilateral untuk menciptakan wilayah terintegrasi seperti: (a) pusat produksi danpasar tunggal, (b) wilayah ekonomi yang kompetitif, (c) wilayah yang memiliki perkembanganekonomi yang memadai, dan (d) wilayah yang terintegrasi dengan ekonomi global. Karakteristikini saling berhubungan dan mendukung dalam arti semua perkembangan ini tidak akan lengkaptanpa terpenuhinya semua persyaratan tersebut. Artikel ini membahas partisipasi Indonesiasebagai anggota ASEAN mengenai potensi pendidikan tinggi dalam bidang hukum sebagai sektorjasa. Akibatnya kualitas lulusan hukum di Indonesia masih beraneka ragam secara nasional.Pendidikan hukum itu sifatnya khusus karena berupa profesi dan diatur oleh kode etik. Menuruthemat penulis, seharusnya pendidikan hukum terintegrasi dengan lembaga profesi, sehinggalulusan sarjana hukum sudah memiliki sertifikasi untuk langsung magang menurut profesinyamasing-masing dan bersaing dengan lulusan hukum dari ASEAN."