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Offers a comprehensive theory on the risks and benefits of incorporating economic theory in capital markets and corporate lawmaking.
List of contents
Introduction; Part I. The Promises of Economic Transplants: 1. Economic methodology, its scientific turn and the question 'which economics'; 2. Economic imperialism; 3. Law and its methodology; 4. The promises of economic transplants; Part II. Economic Transplants and Legislation: 5. The promises and the legislator; 6. Formal modelling and the problem of predictions; 7. Empirical work and the problem of descriptions; 8. Promises revisited and embracing complexity; Part III. Economic Transplants and Adjudication: 9. Promises and the judiciary; 10. Promises revisited. Conclusion and a different promise.
About the author
Katja Langenbucher holds a full professorship for Private Law, Corporate and Financial Law in Goethe-University's House of Finance and is an affiliated professor at Sciences Po, Paris. She was awarded the Alfred Grosser Chaire, Sciences Po, Paris in 2008–9. She was a Research Fellow at London School of Economics and Political Science in 2012–13. Langenbucher was a guest professor at Wirtschaftsuniversität Wien and Universität Wien, Vienna in 2015 and an International Visiting Professor at Columbia Law School in 2016. She is a member of the supervisory board of Deutsche Postbank and a committee member at Alte Leipziger – Hallesche Group.
Summary
Since the financial crisis, corporate or capital markets law has been the focus of attention by academia and media. This book presents a new approach to the risks and benefits of interdisciplinary and policy work for legislators and judges, and will appeal to lawyers and economists working in these areas.