Author(s)

Jack Watt

Affiliation(s)

Durham Business School, Durham University, Durham City, UK.

Corresponding Author

Jack Watt

ABSTRACT

The grassroots economy needs the oxygen and blood supply of finance, and residents expect investment objects with higher returns. However, my country's mainstream financial system has structural exclusion and service imbalance problems. For this reason, the emerging grassroots finance represented by P2P has suddenly emerged, but it also faces It faces problems such as difficulty in survival, alienation and deterioration. The crux of the problem can be explained with the help of theories such as the lemming effect and long-tail risk in legal sociology; based on this, the dilemma can be solved by following the social combustion theory and the pluralist path of complementary soft and hard law.

KEYWORDS

Sociology of law; Grassroots finance; Social combustion theory; Lemming effect

CITE THIS PAPER

Jack Watt. Grassroots finance from the perspective of legal sociology: Dilemmas and solutions. World Journal of Sociology and Law. 2024, 2(2): 8-13. DOI: 10.61784/wjslv2n249.

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