Professor Michael Lobban

This course is available on the LLM (extended part-time), LLM (full-time), MSc in Economic History, MSc in Economic History (Research), MSc in Regulation and University of Pennsylvania Law School LLM Visiting Students. This course is available with permission as an outside option to students on other programmes where regulations permit.

LLM Specialisms: This course will be relevant to the following LLM specialisms: Legal Theory; Corporate and/or Commercial Law.

This course has a limited number of places and we cannot guarantee all students will get a place.

This course will examine how the common law aided or hindered economic growth in the era between 1750 and 1950, by focusing in particular on the development of doctrines of private law. The course will concentrate on a number of themes and topics. It will begin with a discussion of the nature of the common law, and the modes of common law reasoning, to establish what kind of legal system economic actors were dealing with. It will then look at the developing law of contract, to explore how far the ideology of ‘freedom of contract’ assisted growth. It will further explore the law relating to civil wrongs (including the law relating to compensation for accidents and pollution) and unjust enrichment (particularly in the context of business failures). It will also explore some specific topics, including the law relating to corporate enterprise, bankruptcy and insurance.

This course will have two hours of teaching content each week in Lent Term, either in the form of a two hour seminar or an online lecture and one hour class. There will be a Reading Week in Week 6 of Lent Term.

All students are expected to produce one 2,000 word formative essay during the course.

J. Oldham, English Common Law in the Age of Mansfield (Chapel Hill, 2005).

W.R. Cornish et al, The Oxford History of the Law of England vols. 11-13 (Oxford, 2010).

W.R. Cornish and et al, Law and Society in England 1750-1950 (London, 2019).

P.S. Atiyah, The Rise and Fall of Freedom of Contract (Oxford, 1979).

R. Harris, Industrializing English Law: Entrepreneurship and Business Organization, 1720-1844 (Cambridge, 2000).

Rob McQueen, A Social History of Company Law: Great Britain and the Australian Colonies 1854-1920 (Ashgate, 2009).

J. Taylor, Creating Capitalism: Joint Stock Enterprise in British Politics and Culture 1800-1870 (Boydell, 2006).

M. Finn, The Character of Credit: Personal Debt in English Culture, 1740-1914 (Cambridge 2003).

Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.