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The Unification of American Commercial Law

Arnald J. Kanning


January 17, 2015

The economy of a state (‘dependent state’) may depend relatively more upon the economy of another, less dependent, state (‘dominant state’) than vice versa. This paper shows why the ‘dominant state’ can wield leverage over the issue of which legal rules to include in a uniform commercial law. In the preparation of a uniform commercial law, the ‘dependent state’ looks more likely to make a trade-off between increased interstate economic activity and applying less-preferred legal rules. Within the conceptual framework of historical and comparative institutional analysis (HCIA), an empirical study is offered of the American movement for the unification of commercial law throughout the nineteenth and twentieth century.

Number of Pages in PDF File: 41

Keywords: HCIA, legal transplants, unification of commercial law, U.S. Uniform Commercial Code

JEL Classification: K00

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Date posted: April 24, 2012 ; Last revised: January 17, 2015

Suggested Citation

Kanning, Arnald J., The Unification of American Commercial Law (January 17, 2015). Available at SSRN: http://ssrn.com/abstract=2044530 or http://dx.doi.org/10.2139/ssrn.2044530

Contact Information

Arnald J. Kanning (Contact Author)
Independent ( email )
No Address Available
United States
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