The Mistaken Doctrine of Common Law: A Critique

• Authors: Lukáš Nikodym , Tomáš Nikodym , Tereza Pušová
• Languages of publication: EN

Abstracts

EN

The study deals with Huerta de Soto’s thesis about the “mistaken doctrine of common law”, which is based on the equalization of depositum irregulare and mutuum contracts. He concluded that equalization of these contracts resulted in the creation of business cycles. According to this study, Huerta de Soto made a mistake when considering contracts inspired by the continental law based on Roman law. The study shows that mutuum was even in Roman law an ancient contract that was not codified, and that Huerta de Soto’s interpretation of this contract in the Anglo-American legal system is based more on civil law, not on common law as he stated in his work. Finally, the problem of common law did not lie in the equalization of the mentioned contracts, but rather in the absence of depositum irregulare contracts applied to monetary questions.

Keywords

EN

Common Law; Roman Law; Business Cycles; Contracts; Law of Bailment

• Publisher: Sciendo
• Journal: DANUBE: Law and Economics Review
• Year: 2016
• Volume: 7
• Issue: 3
• Pages: 173-181

Dates

published

2016-09-01

online

2016-10-20

Contributors

author

Lukáš Nikodym

• University of Economics in Prague, Department of Economic History, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic

author

Tomáš Nikodym

• University of Economics in Prague, Department of Economic History, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic

author

Tereza Pušová

• University of Economics in Prague, Department of Economic History, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic

Identifiers

DOI

10.1515/danb-2016-0011