Predicting the competitive and economic impacts of business conduct and relationships ranging from horizontal marketing joint ventures to vertical restraints demands an assessment and understanding of "immeasurable dynamic relationships." Despite the assiduous efforts of economists and lawyers...

This article applies social entropy theory to the field of international trade law, suggesting that the observed degradation of the world trading system towards disorder is the consequence of insufficient 'energy' inputs in the form of effective, centralized legal and focused institutional...

This essay, which is based in part on the keynote speech I delivered in October at the European Central Bank conference on regulation of financial services, examines how the law can help to control financial chaos. The essay argues that any regulatory framework for achieving that goal will be...

The elegant simplicity of the Efficient Market Hypothesis (EMH) is its greatest weakness because human nature demands complicated answers to important questions and Chaos Theory readily fills that demand for complexity claiming that it reveals the hidden structure in stock prices. In this paper...