Contractual Knowledge:One Hundred Years of Legal Experimentation in Global Markets

Contractual Knowledge: One Hundred Years of Legal Experimentation in Global Markets, edited by Grégoire Mallard and Jérôme Sgard, extends the scholarship of law and globalization in two important directions. First, it provides a unique genealogy of global economic governance by explaining the transition from English law to one where global exchanges are primarily governed by international, multilateral, and finally, transnational legal orders. Second, rather than focusing on macro-political organizations, like the League of Nations or the International Monetary Fund, the book examines elements of contracts, including how and by whom they were designed and exactly who (experts, courts, arbitrators, and international organizations) interpreted, upheld, and established the legal validity of these contracts. By exploring such micro-level aspects of market exchanges, this collection unveils the contractual knowledge that led to the globalization of markets over the last century.1. Contractual knowledge: one hundred years of legal experimentation in global markets Grégoire Mallard and Jérôme Sgard Part I. Writing Sovereign Debt Obligations: The Evolution of Contractual Provisions: 2. Financial markets, international organizations, and conditional lending: a long-term perspective, Juan H. Florès 3. When governments write contracts: policy and expertise in sovereign debt markets, W. Mark C. Weidemaier, Mitu Gulati and Anna Gelpern 4. Market rules: social conventions, legal fictions, and the organization of sovereign debt markets in the long twentieth century, Stephen C. Nelson Part II. Consolidating International Organizations: The Mobilization of Social Capital and the Standardization of Interpretive Processes: 5. A tale of three cities: the construction of international commercial arbitration, Jérôme Sgard 6. Constructing a transatlantic marketplace of disputes: on the symbolic foundations of international justice, Yves Dezalay and Bryant G. Garth 7. The duty to repair in practice: the hundred years history of a legal concept, Ariel Colonomos and Grégoire Mallard 8. The changing ideas about valuation mechanisms in the interwar period: Toeplitz, Marlio and the 'great transformation', Marco Bertilorenzi and Giuseppe Telesca Part III. Structuring Fields: Market Dominance, Complementarity, and Differentiation in Complex Institutional Ecologies: 9. The rise and fall of trade and monetary legal orders: from the interwar period to today's global imbalances, Gregory Shaffer and Michael Waibel 10. Credit ratings and global economic governance: non-price valuation in financial markets, Bruce G. Carruthers 11. Contracts and private law in the emerging ecology of international lawmaking, Susan Block-Lieb and Terence Halliday