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Commercial Law

Duke Law

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2012

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Full-Text Articles in Law

Legal Medievalism In Lex Mercatoria Scholarship, Ralf Michaels Jan 2012

Legal Medievalism In Lex Mercatoria Scholarship, Ralf Michaels

Faculty Scholarship

This short reaction piece to an article by Emily Kadens asks why a long-refuted story of an alleged uniform medieval lex mercatoria is still being maintained. The answer is that the story serves not as an actual history but instead as a foundation myth. Attempts to falsify the myth with historical data are therefore futile: the myth derives its value not from its truth value but from its symbolic power.