Abstract
The law and economics movement is the principal interdisciplinary fi eld of legal studies. This paper traces the history of the movement and explains its basic principles, contrasts the version of the movement that predominates in the United States with the version that prevails in Europe. It is observed the greater emphasis of the former on substantive doctrine and of the latter is focused on rule of law considerations, and emphasizes the importance of the movement for legal and economic reform in developing nations. Key words: law, economy, legal and economic reforms.
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