The Law and Economics of Legal Parochialism
17 Pages Posted: 23 Apr 2011
Date Written: April 1, 2011
Law and economics is influential in American legal scholarship, but not as much elsewhere. Different explanations have been suggested for this. In this Article, I argue that the problems faced by law and economics outside of the United States are neither particular to the field nor to the local context. I offer an interpretation based on the similarities between legal parochialism and trade protectionism. A tentative prediction is that globalization in legal markets might change the current patterns.
Suggested Citation: Suggested Citation