Publication Date

Fall 1993

Journal

Washington and Lee Law Review

Abstract

The article critiques the current state of corporate law theory, particularly the "nexus of contracts" model, for being overly simplistic and failing to provide a realistic or normatively satisfying account of corporate behavior. It argues that while critiques of this model exist, there is no substantial alternative theory, and the field remains mired in incremental debates that lack depth or practical relevance. The author suggests that corporate law scholarship should adopt a more practical, lawyerly approach, focusing on policy arguments and real-world implications rather than theoretical abstractions.

Volume

50

Issue

4

First Page

1705

Last Page

1712

Publisher

Washington and Lee University School of Law

Disciplines

Law | Law and Economics | Law and Politics

Comments

New Directions in Corporate Law

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