Environmental law envisions ecological systems as existing in an equilibrium state, reinforcing a rigid legal framework unable to absorb rapid environmental changes and innovations in sustainability. For the past four decades, "resilience theory," which embraces uncertainty and nonlinear dynamics in complex adaptive systems, has provided a robust, invaluable foundation for sound environmental management. Reforming American law to incorporate this knowledge is the key to sustainability. This volume features top legal and resilience scholars speaking on resilience theory and its legal applications to climate change, biodiversity, national parks, and water law.
- Table of Contents
- Acknowledgments
- Introduction
- Part 1: Foundations
- 1. The Institutions and Regulation of Trading Markets
- 2. The Social Function of Stock Markets
- 3. The Economics of Trading Markets
- Part 2: Trading Market Practices
- 4. High Frequency Trading
- Part 3: Regulation of Traders
- 5. The Economics of Informed Trading
- 6. The Regulation of Informed Trading
- 7. Manipulation
- 8. Short Selling
- Part 4: Regulation of Broker-Dealers
- 9. Broker-Dealers
- 10. Dark Pools
- 11. Maker-Taker Fees
- 12. Payment for Order Flow
- Conclusion
- Notes
- Name Index
- Subject Index
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