The Spontaneous Evolution of Commercial Law
Abstract
Section I distinguishes custom from authority in the context of an examination of the spontaneous evolution of customary commercial law in early medieval Europe, a period when authority had virtually no influence. Since then, however , the evolution of commercial law has generally invlved an interplay between custom and authoritarian legislation by kings, parliaments, and courts. Section II explores evolutionary consequences of authoritarian influences on European and especially English commercial law.
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