Lost in Translation: The Economic Analysis of Law in the United States and Europe
In this essay, we examine the reasons why the economic analysis of law has not flourished in European countries as it has in the U.S. In particular, we focus on three European countries - the United Kingdom (U.K.), Germany, and France. We argue that differences in culture, the legal system and the academy have led to differing degrees of success of the law and economics movement in each country. We speculate that, although there is currently less interest in the economic analysis of the law in Europe than in the United States, European interest could dramatically increase if scholars adopt more communitarian analyses aimed at analyzing legislative polices rather than judicial decisions.
Comparative and Foreign Law | Economics | International Law | Legal Writing and Research
Date of this Version
Kenneth G. Dau-Schmidt, "Lost in Translation: The Economic Analysis of Law in the United States and Europe" (August 11, 2005). bepress Legal Series. bepress Legal Series.Working Paper 1319.