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Few certainties and many doubts: law after financial crisis

This text aims to evaluate the impact of financial crisis on the functional architecture of law, the institutional framework of markets and the legal structure of world economic order. the text presents five possible scenarios and concludes that the most plausible one, far from the return of interventionist and regulative state, is the permanence - with minor changes in subject of regulation - of the current model of normative systems which operate under different spatial demarcations, where none of them is dominant or collide with the legal state order. it is a model of law which, substituting the idea of hierarchy for the idea of heterarchy and the concept of government for the concept of governance makes functional bonds and links between labor market, goods and credits in multiple levels, from local to supranational.

Law; financial crisis; legal structure of world economic order


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