File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Rational law, economic development and the case of China

TitleRational law, economic development and the case of China
Authors
Issue Date1999
PublisherSage Publications Ltd. The Journal's web site is located at http://www.sagepub.co.uk/journal.aspx?pid=105776
Citation
Social And Legal Studies, 1999, v. 8 n. 1, p. 97-120 How to Cite?
AbstractMax Weber developed the thesis that the existence of a 'logically formal and rational legal system' is a condition for the successful operation of the market economy. However, although China has had the fastest growing economy in the world over the last 20 years and its growth is market-driven, its legal system (which has only begun to be rehabilitated since 1978) has been far from 'rational' in the Weberian sense. This confounds adherents to Weber's thesis. Some scholars point out that guanxi (personal relationship) practices in Chinese culture may serve as the functional substitute for rational law for the purpose of reducing transaction costs and facilitating economic growth. This article examines this view, and develops a revised version of Weber's thesis by drawing on economic sociology (particularly Mark Granovetter and Francis Fukuyama) and the new institutional economics (particularly Douglass North). It reflects on both the view that the establishment of a 'rational' legal system will be essential in assuring long-term economic development in China, and the 'critical perspective' that casts doubts on the validity of Weber's thesis.
Persistent Identifierhttp://hdl.handle.net/10722/74732
ISSN
2015 Impact Factor: 0.896
2015 SCImago Journal Rankings: 0.457
References

 

DC FieldValueLanguage
dc.contributor.authorChen, AHYen_HK
dc.date.accessioned2010-09-06T07:04:22Z-
dc.date.available2010-09-06T07:04:22Z-
dc.date.issued1999en_HK
dc.identifier.citationSocial And Legal Studies, 1999, v. 8 n. 1, p. 97-120en_HK
dc.identifier.issn0964-6639en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74732-
dc.description.abstractMax Weber developed the thesis that the existence of a 'logically formal and rational legal system' is a condition for the successful operation of the market economy. However, although China has had the fastest growing economy in the world over the last 20 years and its growth is market-driven, its legal system (which has only begun to be rehabilitated since 1978) has been far from 'rational' in the Weberian sense. This confounds adherents to Weber's thesis. Some scholars point out that guanxi (personal relationship) practices in Chinese culture may serve as the functional substitute for rational law for the purpose of reducing transaction costs and facilitating economic growth. This article examines this view, and develops a revised version of Weber's thesis by drawing on economic sociology (particularly Mark Granovetter and Francis Fukuyama) and the new institutional economics (particularly Douglass North). It reflects on both the view that the establishment of a 'rational' legal system will be essential in assuring long-term economic development in China, and the 'critical perspective' that casts doubts on the validity of Weber's thesis.en_HK
dc.languageengen_HK
dc.publisherSage Publications Ltd. The Journal's web site is located at http://www.sagepub.co.uk/journal.aspx?pid=105776en_HK
dc.relation.ispartofSocial and Legal Studiesen_HK
dc.rightsSocial & Legal Studies. Copyright © Sage Publications Ltd.en_HK
dc.titleRational law, economic development and the case of Chinaen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0964-6639&volume=8&spage=97&epage=120&date=1999&atitle=Rational+law,+economic+development+and+the+case+of+Chinaen_HK
dc.identifier.emailChen, AHY:hrllchy@hkucc.hku.hken_HK
dc.identifier.authorityChen, AHY=rp01240en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1177/096466399900800105-
dc.identifier.scopuseid_2-s2.0-0033479463en_HK
dc.identifier.hkuros45388en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0033479463&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume8en_HK
dc.identifier.issue1en_HK
dc.identifier.spage97en_HK
dc.identifier.epage120en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChen, AHY=7403392103en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats