"The rule of law is often seen as a formal, governmental alternative to informal, social mechanisms for regulating conduct In this Article, I examine a more indirect manifestation of the rule of law: the indirect effect that the criminal law can have on private efforts at risk management by individuals and corporations. Formal law can encourage private risk regulation, but it can also distort it."
Source: Center for the Study of Law and Society Jurisprudence and Social Policy Program. JSP/Center for the Study of Law and Society Faculty Working Papers. Paper 46.
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