Abstract

http://ssrn.com/abstract=1293939
 
 

References (36)



 


 



The Genius of Roman Law from a Law and Economics Perspective


Juan Javier Del Granado


Universidad Nacional Autónoma de México (UNAM) - Instituto de Investigaciones Jurídicas

September 18, 2009

XXVI Annual Conference of the European Association of Law and Economics

Abstract:     
Law and economics aids us in understanding why Roman law is still worthy of admiration and emulation. The admirable character of Roman law is its quality as an (almost) paradigmatic private law system. My discussion of Roman law illustrates how private law can align incentives for people to exert efforts to optimize investment and share information so as to reduce information asymmetries. Roman private law also enables people, who face resource constraints and incentive constraints, to act more consistently in their own interest and, when efficient, to act in the interest of others. This paper shows how Roman private law makes possible the decentralized market, without mediation by public law. The private sector cannot exist in a vacuum. Private law enables the private sector to be the main driver of the economy. Understanding how a system of private law works is relevant for economic liberalization. Unfortunately, Latin American countries liberalized and privatized their economies in the 1990s, forgetting that their legal systems had been socialized and constitutionalized during much of the 20th century. Arguing for a return to Roman law is the best way to introduce law and economics into the civil law tradition and to reprivatize Latin America's ailing legal system.

Number of Pages in PDF File: 28

Keywords: Roman law, law and economics

Accepted Paper Series


Download This Paper

Date posted: November 4, 2008 ; Last revised: August 23, 2013

Suggested Citation

del Granado, Juan Javier, The Genius of Roman Law from a Law and Economics Perspective (September 18, 2009). XXVI Annual Conference of the European Association of Law and Economics. Available at SSRN: http://ssrn.com/abstract=1293939 or http://dx.doi.org/10.2139/ssrn.1293939

Contact Information

Juan Javier Del Granado y Rivero (Contact Author)
Universidad Nacional Autónoma de México (UNAM) - Instituto de Investigaciones Jurídicas ( email )
Circuito Maestro Mario de la Cueva s/n,
Cd. Universitaria
Mexico City, D.F. 04510
Mexico
Feedback to SSRN


Paper statistics
Abstract Views: 2,249
Downloads: 592
Download Rank: 23,968
References:  36

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.563 seconds