Generalizing the Law Merchant Story

Bruce L. BENSON

Makale detayları

Generalizing the Law Merchant Story

Yazarlar:

Bruce L. BENSON

Yayıncı:

Liberte Yayınları

Dergi:

Liberal Düşünce Dergisi 2007 Issue 46, pp.187-202

Belge Tipi:

Makale

Yayın Tarihi:

3/2007

Belge Dili:

İngilizce

Document ID (Org No.):

2000739111

Sıklık:

Üç Aylık

eISSN:

2667-6486

pISSN:

1300-8781

Özet:

 

Lex Mercatoria, or the “Law Merchant,” provides classical liberals and  libertarians with an important example of effective law without coercive state authority. Within the legal and classical liberal literaturse,  Lex Mercatoria usually refers to the privately produced, privately adjudicated and privately enforced body of customary law that governed virtually every aspect of commercial transactions in Europe and the Middle East  by the end of the eleventh century. Many writers suggest that this system of  law was largely displaced in Europe by the end of the seventeenth century,  but beginning in the mid-1950s, Lex Mercatoria also began to be applied to certain  aspects of modern international commercial law (De Ly 1992: 1). The argument presented below, however, is that the historical Law-Merchant story  has considerable more relevance today than its implications for international  commercial activity.. The fact is that a law merchant arises any time that a  commercial system begins to evolve, so many of the events underlying the  emergence of commerce after the “dark ages” of medieval Europe are being  replayed as Eastern Europe emerges from the dark ages of communist rule.  The same is true in parts of Asia as a commercial sector attempts to emerge  in the face of ongoing totalitarian political control, and in various parts of  Latin American where economies are attempting to escape the effects of long  periods of political turmoil and totalitarian governments. Furthermore, the  emergence of a law merchant is likely to be necessary for the successful evolution of a commercial society into a strong and healthy market economy.

Makale detayları

Generalizing the Law Merchant Story

Yazarlar: Bruce L. BENSON

Yayıncı: Liberte Yayınları

Dergi: Liberal Düşünce Dergisi 2007 Issue 46, pp.187-202

Belge Tipi: Makale

Yayın Tarihi: 3/2007

Belge Dili: İngilizce

Document ID (Org No.): 2000739111

Sıklık: Üç Aylık

eISSN: 2667-6486

pISSN: 1300-8781

Sayı

Yazarlar:

Bruce L. BENSON

Yayıncı:

Liberte Yayınları

Dergi:

Liberal Düşünce Dergisi 2007 Issue 46, pp.187-202

Belge Tipi:

Makale

Yayın Tarihi:

3/2007

Belge Dili:

İngilizce

Document ID (Org No.):

2000739111

Sıklık:

Üç Aylık

eISSN:

2667-6486

pISSN:

1300-8781