Abstract

Law is an instrument for the attainment of economic objectives and the economy is an object of legal control. The substance of that proposition is widely acknowledged and even more widely, if tacitly, followed. Although economists are increasingly concerned with the legal framework of economic activity and lawyers have long been concerned with the structure of economic organization and relations, no general model of the interrelations between legal and economic (i.e., market) processes has been developed which has found wide acceptance and application. Actually, such a model would have to be developed in terms of an even more general model of the fundamental social relations and forces in terms of which and within which both legal and economic forces and their interaction take place and accordingly may be understood. The complexities of such an analysis, encompassing many if not all the problems of theories of social control and social change, and the difficulties of specifying the social forces in both relatively neutral, yet meaningful, and general yet precise terms, among other factors, have precluded the generation of a widely acceptable and useful model.

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