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The Law Merchant’s Story: How Romantic is it?

In: Law, Economics and Evolutionary Theory

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  • Bruce L. Benson

Abstract

Law and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional economics from the perspectives of legal and evolutionary theory. The result is a fresh look at core concepts in law and economics – such as ‘institutions’, ‘institutional change’ and ‘market failure‘ – that offer new perspectives on the relationship between economic and legal governance.

Suggested Citation

  • Bruce L. Benson, 2011. "The Law Merchant’s Story: How Romantic is it?," Chapters, in: Peer Zumbansen & Gralf-Peter Calliess (ed.), Law, Economics and Evolutionary Theory, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13732_3
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    Economics and Finance; Law - Academic;

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