Publication Title

Hidden Fallacies in Corporate Law and Financial Regulation: Reframing the Mainstream Narratives

Page

291

Year

2025

Abstract

As noted in the Introduction to this volume, our collective goal is to examine some of the key misconceptions and unquestioned assumptions – which we refer to as ‘fallacies’ – that guide, and often misguide, developments in modern corporate law and financial regulation. These fallacies are embedded and instantiated in scholarship, law, public policy and public opinion. Their intellectual and practical impact is considerable, but it is largely hidden. Critically, these fallacies too often frame legal and policy debates, strongly influencing and even determining policy choices. While our volume does not (and indeed cannot) provide an exhaustive analysis of this complex phenomenon, it takes a critical step toward understanding what it is and why it demands greater attention on the part of academics and policymakers. Despite the great diversity of topics covered in individual chapters, certain big-picture themes emerge, notably as to societal beliefs, attitudes, values, and broader understandings and worldviews. In this conclusion, we contemplate these themes and where their continuing exploration might lead us.

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