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010 _a 2019759766
020 _a9783642546600
024 7 _a10.1007/978-3-642-54660-0
_2doi
035 _a(DE-He213)978-3-642-54660-0
040 _aDLC
_beng
_epn
_erda
_cDLC
072 7 _aLAM
_2thema
072 7 _aLAW051000
_2bisacsh
072 7 _aLB
_2bicssc
072 7 _aLB
_2thema
082 0 4 _a340.2
_223
082 0 4 _a340.9
_223
245 0 0 _aInstitutional Competition between Common Law and Civil Law :
_bTheory and Policy /
_cedited by Michèle Schmiegelow, Henrik Schmiegelow.
250 _a1st ed. 2014.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2014.
300 _a1 online resource (XXIX, 475 pages 33 illustrations, 15 illustrations in color.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
520 _aThis book addresses two countervailing challenges to theory and policy in law and economics. The first is the rise of legal origins theory, which denies the comparative law view of convergence between common law and civil law by the assertion of an economic superiority of common law. The second is the series of economic crises in the very financial markets on which that assertion was based. Both trends unsettled certainties about the rule of law and institutional economics. Meeting legal origins theory in its main areas of political science, sociology and economics, the book extends the interdisciplinary reach to neglected aspects of comparative law, legal history, dynamic econometric analysis and "quasi-natural experiments" with counterfactual evidence of different institutional regimes in divided countries. These combined methodological tools make tests of the economic impact of different legal origins much more reliable. This is shown for developed and newly industrialized countries as well as developing, transforming and emerging countries with or without financial center advantage, affected or not by financial crises. The Asian financial crises and the American subprime crisis have been, or could have been resolved using the resources of common law or civil law. These cases and data on access to justice in Africa, Asia and Latin America reveal the problem of substantive law remaining "law on the books" without efficient procedural rules and judicial structures. The single most striking common law-civil law divide is that lawyer-dominated common law procedure is slower and costlier than judge-managed civil law procedure. Countries as diverse as the Netherlands, Japan, and China show functional interaction between culture and law in legal reforms. Such interaction can reduce the occurrence of legal disputes as well as facilitate their resolution. It can use economic crises as catalysts for legal reforms or rely on regional integration, and it should replace the discredited method of legal "transplants" by sustained dialogue between legal advisors and all actors involved in legal reforms.
588 _aDescription based on publisher-supplied MARC data.
650 0 _aConflict of laws.
650 0 _aDevelopment economics.
650 0 _aGlobalization.
650 0 _aLaw and economics.
650 0 _aLaw
_xPhilosophy.
650 0 _aLaw.
650 0 _aMarkets.
650 0 _aPrivate international law.
650 1 4 _aPrivate International Law, International & Foreign Law, Comparative Law.
_0https://scigraph.springernature.com/ontologies/product-market-codes/R14002
650 2 4 _aDevelopment Economics.
_0https://scigraph.springernature.com/ontologies/product-market-codes/W42000
650 2 4 _aEmerging Markets/Globalization.
_0https://scigraph.springernature.com/ontologies/product-market-codes/525010
650 2 4 _aFundamentals of Law.
_0https://scigraph.springernature.com/ontologies/product-market-codes/R11003
650 2 4 _aLaw and Economics.
_0https://scigraph.springernature.com/ontologies/product-market-codes/W39000
650 2 4 _aTheories of Law, Philosophy of Law, Legal History.
_0https://scigraph.springernature.com/ontologies/product-market-codes/R11011
700 1 _aSchmiegelow, Henrik.
_eeditor.
700 1 _aSchmiegelow, Michèle.
_eeditor.
776 0 8 _iPrint version:
_tInstitutional competition between common law and civil law : theory and policy
_z9783642546594
_w(DLC) 2014941094
776 0 8 _iPrinted edition:
_z9783642546594
776 0 8 _iPrinted edition:
_z9783642546617
776 0 8 _iPrinted edition:
_z9783662513415
906 _a0
_bibc
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