ABSTRACT. Cafaggi claims that the role of private autonomy may differ in highly structured markets that have existed for centuries and in newly-built markets that have replaced other economic and political systems. Joerges remarks that Europe's legal systems must respond to processes of economic and political integration. Cafaggi and Muir Watt point out that a control of competition distortions in the market by states through a set of techniques is meant to protect participants in markets and to guard against undesirable external effects of markets. Schwartz and Scott affirm that the specification of a good contract law has become an important priority in many countries as they have made a commitment to markets.



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