Comparative Commercial Contracts: Law, Culture and Economic Development. By BORIS KOZOLCHYK

Abstract

In Comparative Commercial Contracts: Law, Culture and Economic Development (West Academic Publishing, 2014), Professor Boris Kozolchyk has managed to compose an incredibly broad and wide-ranging book that offers an experience beyond the usual type of information found within traditional commercial law books. Professor Kozolchyk integrates a host of ideas and perspectives into this rather weighty and superbly researched textbook to create a true tome of information for the academic, the student, and the practitioner alike, serving each of their unique needs and interests at the same time. In a broader sense, Professor Kozolchyk desires to take on a more important matter when accounting for business transactions and commercial contracts, and that is an assertion that the standards applied by the ‘reasonable man’ can be adequately determined without stretching into an over-reliance on the economic analysis of the law. The economic analysis of the law and its reference to tools such as the Coase Theorem indicate an attempt at a scientific, determinist, approach toward commercial law (and law in general). By contrast, Professor Kozolchyk’s book delves not only quite effectively into the particular aspects of the books title regarding commercial contracts around the world, but also manages to weave into the discussion his overarching theme concerning the development and, as per the author, unavoidable nature of commercial law. Essentially, Professor Kozolchyk asserts that integral to any form of successful or even viable commercial law system is the underlying role of good practices and good customs carried out by the actors involved.