Money circulation law as a branch of financial law

African Jurisprudence: The Law as a Complement to Public Morality

Every society is governed by certain rules (the law), customs, norms and values; and these are intricately crucial to the maintenance of public morality. Invariably, there is a public morality which provides the cement of any human society; the law, especially the criminal law, must regard it as a primary function to reflect and maintain this public morality. Criminal Codes lay down various off...

Book Review: Money in the Law

The Second Law of Thermodynamics as a Force Law

The second law of thermodynamics states the increase of entropy, ∆S > 0, for real processes from state A to state B at constant energy from chemistry over biological life and engines to cosmic events. The connection of entropy to information, phase-space, and heat is helpful but does not immediately convince observers of the validity and basis of the second law. This gave grounds for finding a ...

Ordinary Administrative Law as Constitutional Common Law

Henry Monaghan famously argued that much of constitutional interpretation takes the form of what he termed constitutional common law, a body of doctrines and rules that are constitutionally inspired but not constitutionally required and that can be altered or reversed by Congress. This Essay argues that a fair amount of ordinary administrative law qualifies as constitutional common law: Constit...

China’s Financial System and the Law

Law plays a different role in China’s financial system than in most developed economies. China’s financial system is dominated by a large banking sector. The role of the stock market in allocating resources in the economy has been limited and ineffective. The most successful part of the financial system, in terms of supporting the growth of the overall economy, is a shadow banking sector that c...