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A macrohistory of legal evolution and coevolution: Property, procedure, and contract in early-modern English caselaw

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  • Grajzl, Peter
  • Murrell, Peter

Abstract

We provide a quantitative macrohistory of the evolution and coevolution of three fundamental elements of English caselaw: property, contract, and procedure. Our dataset is derived from a comprehensive corpus of reports on early-modern English court cases. Leveraging existing topic-model estimates, we construct annual time series of attention to each of the three legal domains between the years 1552 and 1764 and estimate a structural VAR. Property and procedure are affected for decades by their own shocks. Procedure and property coevolve. In contrast, contract adjusts quickly to its own shocks and does not coevolve with the other two areas of caselaw. We identify the episodes and events outside the legal system that correspond to systemic shocks. Edward Coke was a shock to procedure. The commercial revolution raised attention to contract. The Glorious Revolution, interestingly, did not lead to elevated attention to property issues, but the Civil War and Interregnum did. The evolution of contract, while relatively autonomous from the internal dynamics of the legal system, was, of the three legal domains, least autonomous from society.

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  • Grajzl, Peter & Murrell, Peter, 2023. "A macrohistory of legal evolution and coevolution: Property, procedure, and contract in early-modern English caselaw," International Review of Law and Economics, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:irlaec:v:73:y:2023:i:c:s0144818822000692
    DOI: 10.1016/j.irle.2022.106113
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    Cited by:

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    3. Peter Grajzl & Peter Murrell, 2024. "From Status to Contract? A Macrohistory from Early-Modern English Caselaw and Print Culture," CESifo Working Paper Series 11246, CESifo.

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    More about this item

    Keywords

    Legal coevolution; Caselaw; Legal history; Pre-industrial England; Time series; Machine-learning;
    All these keywords.

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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