dc.contributor.author | Deakin, Simon | |
dc.contributor.author | Gindis, David | |
dc.contributor.author | Hodgson, G.M. | |
dc.contributor.author | Huang, Kainan | |
dc.contributor.author | Pistor, Katharina | |
dc.date.accessioned | 2017-03-14T18:16:13Z | |
dc.date.available | 2017-03-14T18:16:13Z | |
dc.date.issued | 2017-02-01 | |
dc.identifier.citation | Deakin , S , Gindis , D , Hodgson , G M , Huang , K & Pistor , K 2017 , ' Legal Institutionalism : Capitalism and the Constitutive Role of Law ' , Journal of Comparative Economics , vol. 45 , no. 1 , pp. 188-200 . https://doi.org/10.1016/j.jce.2016.04.005 | |
dc.identifier.uri | http://hdl.handle.net/2299/17715 | |
dc.description | This is an Open Access article available under the terms of the Creative Commons Attribution License (CC BY 4.0) http://creativecommons.org/licenses/by/4.0/. You may copy and distribute the article, create extracts, abstracts and new works from the article, alter and revise the article, text or data mine the article and otherwise reuse the article commercially (including reuse and/or resale of the article) without permission from Elsevier. You must give appropriate credit to the original work, together with a link to the formal publication through the relevant DOI and a link to the Creative Commons user license above. You must indicate if any changes are made but not in any way that suggests the licensor endorses you or your use of the work. © 2016 Association for Comparative Economic Studies. Published by Elsevier Inc. All rights reserved. Open Access funded by Economic and Social Research Council. | |
dc.description.abstract | Social scientists have paid insufficient attention to the role of law in constituting the economic institutions of capitalism. Part of this neglect emanates for inadequate conceptions of the nature of law itself. Spontaneous conceptions of law and property rights that downplay the role of the state are criticized here, because they typically assume relatively small numbers of agents and underplay the complexity and uncertainty in developed capitalist systems. In developed capitalist economies, law is sustained through interaction between private agents, courts and the legislative apparatus. Law is also a key institution for overcoming contracting uncertainties. It is furthermore a part of the power structure of society, and a major means by which power is exercised. This argument is illustrated by considering institutions such as property and the firm. Complex systems of law have played a crucial role in capitalist development and are also vital for developing economies. | en |
dc.format.extent | 13 | |
dc.format.extent | 572595 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of Comparative Economics | |
dc.subject | instituions | |
dc.subject | law | |
dc.subject | capitalism | |
dc.subject | theory of the firm | |
dc.subject | property rights | |
dc.title | Legal Institutionalism : Capitalism and the Constitutive Role of Law | en |
dc.contributor.institution | Department of Accounting, Finance and Economics | |
dc.contributor.institution | Social Sciences, Arts & Humanities Research Institute | |
dc.contributor.institution | Hertfordshire Business School | |
dc.contributor.institution | Centre for Research on Management, Economy and Society | |
dc.contributor.institution | Group for Research in Organisational Evolution | |
dc.description.status | Peer reviewed | |
dc.identifier.url | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2601035 | |
rioxxterms.versionofrecord | 10.1016/j.jce.2016.04.005 | |
rioxxterms.type | Journal Article/Review | |
herts.preservation.rarelyaccessed | true | |