Law effectiveness and Economy

The role of law as the major regulator of social relations has been commonly recognized Such recognition implicates a scholastic element, namely, the very fact of adopting a law or any other statute is regarded as a legal act of consequent practical results. But, alas, the traditional hypothesis has proved to be unproductive, ineffective. Numerous law-breakings in economy give testimony to this, with the abundance of laws existing in country. This is the reason why a group of scientists from the Institute of law Research of the state university – High School of Economics, and from other academic institutions (U.A. Tihomirov, the leader of the group, A.V. Kashanin, C.V. Tretyakov, E.A. Mishina, C.V.Vasilyeva, V.M.Baronov, M.A.Pshenichnov) investigated legislation effectiveness in the economic Sphere within the framework of the scientific research developments. A new hypothesis underpins this investigation. It reads as follows: is it possible to detect correlative links between the aims of law influence, its means and results in the field of economy?