Law

Johannes W. Flume

Marktaustausch

Grundlegung einer juristisch-ökonomischen Theorie des Austauschverkehrs

[Market Exchange. The Foundations of a Legal-Economic Theory of Market Transaction.]

2019. XXI, 304 pages.

Jus Privatum 235

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ISBN 978-3-16-156898-5
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Published in German.
Johannes W. Flume analyses the legal foundation of markets and contracts. He formulates a theory of market exchange, which shows that markets are legal products and that all exchange contracts in a market economy are derivatives because they derive their value from underlying market prices.
Johannes W. Flume analyses the legal foundation of markets and contracts. He formulates a theory of market exchange, which shows that markets are legal products and that all exchange contracts in a market economy are derivatives because they derive their value from underlying market prices.

»For German private law scholars, judges and jurists 'Market exchange' simply seems an essential read. [...] Fortunately, despite the vast ground covered, the book is resolutely concise, consisting of only 263 pages. 'Market exchange' makes for a stimulating, but concentrated read.«
Janwillem Oosterhuis in Comparative Legal History, DOI: 10.1080/2049677X.2020.1757259
Authors/Editors

Johannes W. Flume Geboren 1979; Studium der Rechtswissenschaften an den Universitäten Regensburg, Köln und Bonn; 2008 Promotion; Rechtsreferendar im OLG-Bezirk Köln; 2011 Max Planck Scholar und Visiting Fellow am Wolfson College, Cambridge; 2012–18 Wissenschaftlicher Mitarbeiter an der Universität Tübingen; 2018 Habilitation (Universität Köln); Gastprofessor an der Freien Universität Berlin; 2020–23 Universitätsprofessor am Institut für Zivilrecht, Abteilung für Grundlagenforschung an der Johannes Kepler Universität Linz; seit 2023 Universitätsprofessor am Fachbereich Privatrecht der Paris Lodron Universität Salzburg.

Reviews

The following reviews are known:

In: Chronika Idiotikou Dikaiou — K (2020), 769–772
In: European Review of Contract Law — 16 (2020), 557–561 (Klaus Ulrich Schmolke)
In: Der Gesellschafter — 2019, 440 (Martin Oppitz)
In: Zeitschrift d.Savigny-Stiftung für Rechtsgeschichte (Germanistische Abteilung) — 138 (2021), 468–471 (LouisPahlow)
In: Archiv für die civilistische Praxis — 221 (2021), 438–445 (Matthias Lehmann)
In: Aktuelle Juristische Praxis — 2019, 1235 (Beat Brändli)
In: Comparative Legal History — 8 (2020), 57–63 (Janwillem Oosterhuis)
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