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Commercial Law

Commercial law

2003

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The Economics Of Uniform Laws And Uniform Law Making, John Linarelli Jan 2003

The Economics Of Uniform Laws And Uniform Law Making, John Linarelli

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Uniform law making has a substantial history in the twentieth century. It seems to be continuing with some force into the twenty-first century. A significant American law and economics literature, however, questions its merit. By contrast, there have been limited rational choice oriented investigations of unification or centralization of law in Europe. Critics of the uniform law movement in the United States use methods of analysis influenced by public choice theory, political economics and positive political theory. The paper does not call into question the methods and assumptions of these approaches. The paper claims that economic analysis supports public policy …