LL4CB      Half Unit
Modern Legal History: Private Law and the Economy 1750-1950

This information is for the 2019/20 session.

Teacher responsible

Prof.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 Law, Anthropology and Society, 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.

This course is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.


LLM Specialisms This course will be relevant to the following LLM specialisms: Legal Theory.

Course content

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.


20 hours of seminars in the LT. 2 hours of seminars in the ST.

There will be a reading week in week 6.

Formative coursework

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

Indicative reading

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 G.N. Clark, Law and Society in England 1750-1950 (London, 1989).

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.

Key facts

Department: Law

Total students 2018/19: 15

Average class size 2018/19: 16

Controlled access 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information