Fifty years after the famous essay “The Problem of Social Cost”
(1960) by the Nobel laureate Ronald Coase, Law and Economics seems
to have become the lingua franca of American jurisprudence, and
although its influence on European jurisprudence is only moderate
by comparison, it has also gained popularity in Europe. A highly
influential publication of a different nature was the Brundtland
Report (1987), which extended the concept of sustainability... more...