
Contents
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I. Introduction: Including the Unclassified I. Introduction: Including the Unclassified
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II. Transnational Law: The Nature of the Beast II. Transnational Law: The Nature of the Beast
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A. From Form to Function A. From Form to Function
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B. From Substance to Process B. From Substance to Process
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C. From Field to Method C. From Field to Method
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D. From (Inter)national to Transnational D. From (Inter)national to Transnational
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III. Economic Sociology: Contextualizing Economics III. Economic Sociology: Contextualizing Economics
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IV. Political Economy: Law in Modern Capitalism IV. Political Economy: Law in Modern Capitalism
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V. A Transnational Order: The Law of Market Society V. A Transnational Order: The Law of Market Society
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VI. Conclusion: A Transnational Legal Profession VI. Conclusion: A Transnational Legal Profession
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Selective Bibliography Selective Bibliography
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42 Climate Change Governance, International Relations, and Politics: A Transnational Law Perspective
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3 Transnational Law and Economic Sociology
Get accessSabine Frerichs is Professor of Economic Sociology at the Vienna University of Economics and Business, Austria. She holds a PhD degree in Sociology from the University of Bamberg, Germany, was Assistant Professor at the Law Faculty of the University of Helsinki, Finland, and, recently, Fellow at the Käte Hamburger Center for Advanced Study “Law as Culture,” University of Bonn, Germany. In her research, she is concerned with the intersections of law, economy, and society and how these are constructed in different fields of scholarship.
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Published:14 April 2021
Cite
Abstract
Transnational law interacts in various ways with the law of the global economy. Students and experts of transnational law will therefore most likely come across economic arguments. Economic sociology questions mainstream economic perspectives, including their adaptations to the law, and also differs from new institutional economics. By integrating different levels of analysis, economic sociology, and related scholarship in critical political economy, seeks to provide a more comprehensive account of the interrelations of law, economy, and society—and of the rationalities at play. This chapter outlines an economic sociology of law which exposes the constructed nature of the law of the global economy and elucidates the elective affinity between law and economics, which also affects our understanding of transnational legal ordering. To reconstruct this tendency, the chapter develops the concept of the law of market society, which has a critical potential with regard to more conventional perspectives on transnational economic law.
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