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- W205189535 abstract "After having summarized the paper by Grady & McGuire, one of their central conjectures, namely that inequality is necessary and sufficient for the emergence of efficient private law, is discussed. It is argued that, due to inequality, rulers have incentives to discriminate between subjects. Thus, the rulers' interests might very well diverge from those of many subjects with regard to private law. It is further argued that political transaction costs and path dependence should be taken explicitly into account when explaining the development of private law. The present author concludes that the approach taken by Grady & McGuire is compatible with that of public choice, although they aim to criticize the public choice approach." @default.
- W205189535 created "2016-06-24" @default.
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- W205189535 date "2001-06-10" @default.
- W205189535 modified "2023-09-23" @default.
- W205189535 title "The Interdependence Between Private and Constitutional Law: A Comment on the Grady & McGuire Paper" @default.
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