INSOR Russia: Institute of Contemporary Development
Updated April 18, 2019

INSOR Hosts Roundtable of Supremacy of Law and the Economy

January 31, 2012

The Institute of Contemporary Development hosted the roundtable Supremacy of Law and the Economy. The event was organized by the Center for Legal and Economic Studies.

A new legal reality is developing in Russia: the legal system can no longer exist or develop apart from the economy, and vice versa. The aim of the roundtable was to examine the phenomenon of the supremacy of law as a factor which has a substantial influence on society’s evolutionary development, including such issues as:

1. Realization of the principles of a legal state: subordination of the state to law; formal equality before the law for all, regardless of proximity to power; supremacy of law as a method for forming a socially and economically effective model of society. 

2. Formation of a new legal policy in the economic sphere with the aim of protecting owners and entrepreneurs from arbitrary abuse of power clothed in quasi-legal forms.

3. Independent judicial system (elimination of mechanisms which turn judges into executive branch officials); adequate law-enforcement practices as a means for guaranteeing supremacy of law.

4. A systemic approach to understanding legal issues with the help of economic analysis of the law and sociology of the law to aid on the adoption of legislative, administrative and judicial decisions; opening the Russian legal system to positive international legal practices.

5. Legislative and administrative mechanisms for liquidating anti-institutions, such as the quasi-legal redistribution of property, imitative election procedures, etc.

6. A ‘Law on Laws’ with the aim of normalizing the concept of ‘legislation’, interpreting legal norms, determining legal techniques, etc.

7. Engagement of a broad spectrum of the professional community and public, reorientation of the entire system of legal education from legal positivism toward legal reasoning based on supremacy of the law.

Participants of discussion including a number leading economists and legal scholars: Igor Yurgens, Elena Novikova (director of the Center for Legal and Economic Studies), Tamara Morschakova, Leonid Nikitinsky, Mikhail Subbotin, Leonid Grigoriev and other experts.