Resumen

GARCIA VILLEGAS, Mauricio. DEMOCRACY NOT ONLY LIVES ON MARKETS The non compliance of the law and its relation with development, justice and democracy. Rev.econ.inst. [online]. 2004, vol.6, n.10, pp.95-134. ISSN 0124-5996.

This article analyzes the non compliance of the law in Latin America , particularly in Colombia . The core of the paper is the contrast between two different approaches: the strategic vision which argues that this failure is a consequence of the lack of institutional capacity to impose effective penalties; and the rebellion vision, which explains the failure as an expression of values or ideologies. The article examines the doctrinal roots related with the strategic vision - the social capital theories, studies in Law and economics and the new institutionalism - their reception in our environment and their application in the context of the judicial reform. This critical examination highlights the analytical differences between these two visions and their implications in the justice system and the social law: even though both visions are partial, each one of them is partly true. Compliance of law can not be achieved only by imposing sanctions and incentives, or by promoting a unilateral favorer attitude for compliance of the law. Rational behavior must also be complemented by the perception of the legitimacy of the institutions. Market and the democracy are both equally essential for the existence of a Rule of law.

Palabras clave : non compliance of the law; law and economics; legitimacy; development; justice; democracy; institutions; new institutionalis.

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