Review of George Th. Mavrogordatos', 1915: Ο εθνικός διχασμός [1915: The national schism]

George Th. Mavrogordatos. 1915: Ο εθνικός διχασμός [1915: The national schism]. Athens: Patakis, 2015. 343 pp

Review of George Th. Mavrogordatos', 1915: Ο εθνικός διχασμός [1915: The national schism]

George Th. Mavrogordatos. 1915: Ο εθνικός διχασμός [1915: The national schism]. Athens: Patakis, 2015. 343 pp

Civil Contract Law and Economic Reasoning An Unlikely Pair?

Abstract or at least Civil contract law) is more efficient than Common law. In order to test this hypothesis, I will be discussing two major issues in the economics of contract law: efficient breach and penalty clauses. In these two areas, economists have criticized Common law, characterizing its institutions as inefficient. I will go over the criticisms and try to show that the opposite is true: that in fact Civil law is more efficient than Common law in these two areas. Finally, I am going to discuss briefly why economic analysis of law is still useful for Civil law and why it can be instrumental for the interpretation of contracts by lawyers. JEL Classification: K1