Formants and Institutions: Intellectual Meeting Points between Rodolfo Sacco and Douglass North
In the present paper, I attempt to unearth what I believe to be an extremely valuable, implicit dialogue between legal and economic discourse through an analysis of the contributions by two leading figures in the fields of comparative law and institutional economics, respectively: Rodolfo Sacco and Douglass North. By closely comparing two apparently far removed intellectual trajectories, I will sketch the manner in which the two scholars come to terms with the concept of change in their respective disciplines. How is legal change, on the one hand, and economic change, on the other hand, explained? I will examine how North addresses the question “why do economies perform differently through space and time?” and review Sacco’s inquires upon convergence and divergence in legal systems with different institutional premises. Once the distinctive features of the two theses have been outlined against the backdrop of the latter questions, I will identify intellectual meeting points, common threads, and parallel tracks drawing the scholars together. In the spirit of methodological pluralism, I will conclude by suggesting that a combined reading of the theses under scrutiny may provide a practical template for thinking about questions of legal change, legal transplants, and the diffusion of legal consciousness.