11/17: NEC/SGE w/David M. Driesen, Syracuse University

  • 17 Nov 2011
  • 12:00 PM - 1:30 PM
  • Chinatown Garden, 618 H St NW Washington DC


  • Members of SGE, NABE and certain other groups
  • This category of registration is for our larger institutional members only for registration. Regular members of NEC please use the MEMBER category to register.
  • Current Students with ID at the door
  • Registrant is a current member of the NEC.

Registration is closed

David M. Driesen


Syracuse University College of Law

“Financial and Climate Regulation:  Macro or Micro?”

For many years now, experts have addressed both financial and environmental regulation through a microeconomic lens.  Under this approach, regulation is viewed as an analogue to a market transaction and its efficiency evaluated primarily through a cost-benefit analysis predicated on standard neoclassical assumptions.   This talk will examine the question of whether this approach has helped sustain adequate financial and environmental regulation and what the alternative might be.   It draws on a forthcoming book arguing for an economic dynamic approach to law predicated on the idea of law contributing to a macroeconomic framework, rather than directly controlling resource allocation.  This alternative involves making avoidance of systemic risk a major goal of government policy.  It shifts the focus from counting costs and benefits to evaluating the shape of change over time.  And it calls for a more systematic evaluation of economic incentives through an economic dynamic analysis drawing on institutional economics and scenario analysis.  An economic dynamic approach may play to the strengths of government economists, who may have a feel for the nature of the particular form of bounded rationality the actors they regulate exhibit.  This approach confronts, rather than wishes away, the uncertainties that bedevil efforts to address the future through law, which is what both climate and financial regulation must do. 


Note:  Registration is open through Wednesday, 11-16-11.  Anyone desiring to attend after this date will just walk in at the door, but cannot be guaranteed the lunch will be available.  (Please wait to check in until all prepaid or reserved people have checked in for seating) 

Press:  Please email :info@national-economists.org with your attendance status and the date of attendance. It will be assumed that lunch is NOT requested.   If lunch is requested, please contact me in advance, prior to the date of the event, for registration and payment instructions.
Credit Card payment is non refundable but you may substitute someone in your place for attendance.