Rise and Peak of Peruvian Law and Economics

This chapter delves into the development of the Law and Economics (L&E) movement in Peru, tracing its evolution from the late 1980s to the present day. It highlights the movement's peak during the neoliberal reforms of the 1990s, particularly under Alberto Fujimori's government, and its influence on the drafting of the 1993 Peruvian Constitution. The chapter also examines the establishment of new regulatory institutions and the movement's impact on various areas of law, including civil law, competition law, and regulatory law. Additionally, it explores the criticisms and debates that have emerged within the Peruvian legal literature, providing a comprehensive overview of the movement's development and its current state. The chapter concludes by discussing the challenges the movement faces in solidifying its position in the academic landscape, emphasizing the need for more methodologically rigorous empirical analysis and a move beyond a neoliberal approach to economic issues.