Prof. Sabine Frerichs presents a paper on 'Transnational Law and Economic Sociology'
The question what transnational law is can be answered differently. Jessup’s classical definition extends to ‘all law which regulates actions or events that transcend national frontiers’ and explicitly includes ‘other rules’ that do not form part of established bodies of law. In this paper, the ‘other rules’ which transnational law is concerned with are located in the global economy. After retracing the turn from form to function, from substance to process, and from field to method in ‘constructing’ transnational law, the paper elaborates on the perspective of economic sociology and, namely, the economic sociology of law. Drawing on classical and contemporary approaches in political economy and economic sociology, it revisits the role of law in modern capitalist societies, which are characterised by processes of commodification as well as decommodification. More specifically, the aim of the paper is to highlight the elective affinity between law and economics in ‘constituting’ the market society, which may also affect our understanding of transnational legal ordering.
Sabine Frerichs is Professor of Economic Sociology at the Vienna University of Economics and Business, Austria. Before that, she was Assistant Professor at the Law School of the University of Helsinki, Finland. She holds a PhD degree in Sociology from the University of Bamberg, Germany. In her recent work, she focused on developing the economic sociology of law. This perspective also informed collaborative research on the European Community of Debt, key results of which were published in a Special Issue of the European Law Journal [link].
More information on Prof. Frerichs can be found here
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