Economics Faculty Publications

Document Type

Article

Abstract

As world trade expands to the remotest of venues, commercial laws that encompass transnational jurisdictions become increasingly important. The appropriateness of these laws rely, inter alia, on the strength of the assumptive base supporting such transnational laws of commerce. As this article explains, transnational contract law'is not the product of the Immaculate Conception; it is the anachronistic progeny of certain European laws that emerged during the Industrial Revolution. As such, transnational contract law inherits many of the characteristics of its progenitors. Those characteristics, however, become awkward when viewed through a contemporary institutional context that diverges from the prevailing social arrangements of the Industrial Revolution.

Publication Date

Spring 2008

Publication Title

Loyola of Los Angeles International and Comparative Law Review

Start Page No.

91

End Page No.

124

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Contracts Commons

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