The Asociación Latinoamericana y del Caribe de Derecho y Economía (ALACDE)  intends to launch the ILACDE with an important new codification of civil and commercial law for Latin America and the Caribbean—a codification which incorporates the teachings of law and economics, in addition to other projects of interest to the participants.

Legal scholars in the Anglo-American common law can overlook the connection between particular ordinances and the underlying framework of justice or order. A concrete embodiment of the fruits of basic law and economics scholarship, in a codified system of rules, may be necessary for the economic approach to be fully appreciated by legal scholars grounded in the civil law.

A new-generation law and economics code will restate, and squarely face the need to deconstitutionalize, private law in Latin American countries within a tried and tested legal framework of Roman law.