Category Archives: Law and Development
Gunther Teubner and Qi Chunyi, ‘Multiple Modernities: An Alternative to Western Economists’ Recommendations for China’s Private Law’
Abstract: The article criticizes the recent World Bank report, “China 2030” which formulates a new development strategy for China to rebalance the role of government and market, private sector and society. The report deals explicitly with the role that private law should play as means of economic modernization. The main thesis of this article is […]
Garoupa and Morriss, ‘The Fable of the Codes: The Efficiency of the Common Law, Legal Origins, and Codification Movements’
Abstract: The superior efficiency of the common law has long been a staple of the law and economics literature. Generalizing from this claim, the legal origins literature uses cross-country empirical research in an attempt to demonstrate this superiority by examining economic growth rates and the presence of common-law legal systems. We argue that this literature […]