Droit & Croissance sur le Harvard Law Blog

How French Law Has Failed to Adapt to the Evolution of the Economy and Finance

Dans un billet sur le Harvard Law Blog, Sophie Vermeille discute des besoins de réformes urgents du droit français.

Why does the law impose so many regulations in areas where freedom of contract should predominate? The reason is that the law & economics movement has not yet really taken off in France. For years, French legal scholars have not taken any real interest in the economy. Furthermore, French economists no longer have a clear understanding of all the complex subtleties of French law that derive from its habit of enacting regulations first and (perhaps) examining the side effects later. As a result, there is no longer a dialogue between legal scholars and economists and the gap between the two is widening as the French system becomes getting more and more complicated.