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Four and Half Centuries of New (New) Law and Economics: Legal Pragmatism, Discreet Joint Regulation and Institutional Capture at the Commercial Court of Paris

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  • Emmanuel Lazega

    (CSO - Centre de sociologie des organisations (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

Social oversight and regulation of entrepreneurial and commercial activities have always involved an unbalanced three-way competition for influence between the State, the business world (companies and their institutional representatives) and consumers. This struggle is growing more intense in a market society centred around organizations. External (i.e. State) regulation and market self-regulation (primarily by the business world) are usually studied separately in the social sciences, and this leads to a grossly oversimplified understanding of the social organization of business, and hence of market society as a whole (...).

Suggested Citation

  • Emmanuel Lazega, 2011. "Four and Half Centuries of New (New) Law and Economics: Legal Pragmatism, Discreet Joint Regulation and Institutional Capture at the Commercial Court of Paris," SciencePo Working papers Main hal-01044405, HAL.
    • Handle: RePEc:hal:spmain:hal-01044405
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01044405
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