BY
CHUKWUMA CHISOM*
ABSTRACT
There has always been a lot of controversy on law and the economy, even as far back as the writings of John Maynard Keynes. This controversy has always bordered on the role of law and policies in the economic development of countries. However, while many scholars have disagreed and do not believe that law and policies play an important role to the economic development of countries, other scholars like Posner Richard, Daniel Murphy, and Ronald Coase not only opine that law and policies play a non-negotiable role in economic development, they also believe that law and policies are the backbone of economic development in any country.
Several scholars have published papers and thesis on the nexus between the law and economic development. It is therefore not surprising that the 21st century researcher has access to an overwhelming abundance of literature on thejoint field of law and economics. Against this backdrop, this paper seeks to examine scholars’ contributions to the role of law and policies in the economic development of a country.
Keywords: Law, Policies, economic, role.