Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Legal Origin

  • Maria T. BrouwerEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_199

Abstract

Flexible common law is considered to be more conducive to external investment than more rigid civil law. However, both systems can either adapt to new situations or become less flexible over time. Legal systems function best, when there is sufficient room for revision and review.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.AmsterdamThe Netherlands