Abstract: That legal institutions come into being, evolve and innovate is both a natural, historical process and a process of dynamic equilibrium with the optimum distribution of correlated institutional resources as its core. In the sense of norm, legal activities are carried out in accordance with the principle of equilibrium, for it is the ultimate coordination mechanism and the supreme order to turn to for guidance. Pareto superiority and Cartor-Hicks perfect,, are the principal theoretical criteria for evaluating the balance between legal supply and demand, and in terms of an anaysis on beneficial results of legal legal, numerous models of legal equilibrium may.be formulated. However, if there occurs an unsuitable distribution of legal resources, there will arise possibilities of falling into a queer institutional ring of low legal efficiency, but in a real society, owing to the constant development and change in the economic-political structure, ideology and other related factors, legal demand is, as a result, in a state of changing without stopping, and legal supply is difficult to arrive at an ideal state of equilibrium in which legal supply and demand have come to tally with each other. It follows that non-equilibrium is absolute, and equilibrium is relative. Legal supply and demand will head for the future hand in hand in a circulatory process of non-equilibrium - equilibrium - non-equilibrium.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
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