A quiet revolution -- The conundrum of market reforms -- The politics of market ideas -- Strange bedfellows -- The market as a constraint -- The market as a norm -- The market as a space -- The market as a talisman -- The Janus-faced European Union

One of the strongest stylized facts of the transition is also one of the most unexpected: after 1989 Central and Eastern European and Former Soviet Union countries diverged massively. Institutions are a main reason. The EU anchor thesis posits that the prospect of membership in the European...

Vorgestellt wird ein juristisches Modell, nach dem nicht die Rechtsnormen, sondern die sog. Institutionen die beherrschenden Faktoren der (richterlichen) Entscheidungsfindung sind. Hierbei werden einer institutionell gedeuteten Wirklichkeit normative Forderungen entnommen, die an die Stelle des...

From a law-and-economics perspective, the European Commission's proposal for the introduction of an optional Common European Sales Law (CESL) has been criticized for over-regulating consumer sales law in Europe and for being likely to yield more costs than benefits. In defense of CESL, it is...

The Common European Sales Law (CESL) is the Commission's most recent policy initiative for European contract law. It aims to address the problem that differences between the national contract laws of the Member States may constitute an obstacle for the European Internal Market. This paper...