Public lawmakers have inadequate and misaligned incentives to engage in legal innovation. Private lawmaking is offered as a potential solution to this problem. However, private lawmaking faces a dilemma: In order to be effective, the cost-reducing standard forms produced by private lawdrafters...

Within a context of economic interdependence, the extra-territorial impact of domestic authorities' internal public policies increases. Consequently, the legal and administrative system of every State becomes "globally relevant": the members of each national community are increasingly subject to...

This insightful collection of classic papers explores the effects of various legal institutions and policies on economic development. The editors include analysis of the historical, current, and future conditions of numerous legal traditions and strategies, both nationally and globally. The...