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Theory Of Contract: An Economic Perspective

Theory Of Contract: An Economic Perspective

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  • ISBN:9780415700269
  • Editorial: Routledge
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:200
  • Idiomas:Ingles,Inglés

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Civilized societies promote cooperation and few institutions do so more effectively than the law of contract. Contract law is thus an indispensable feature of modern liberal society and serves as a foundation for modern economic systems. Moreover, contract issues inform the worldwide debate over privatization, globalization and neo-liberalism: issues that ultimately begin when two people enter into a contract. Now, for the first time, there is a comprehensive, eminently readable book designed to focus thinking in this area. The book bridges the gap between law and economics by confronting normative values that economists too often deem the preserve of moral philosophers. Contract theorists, on the other hand, are seldom in sympathy with economic efficiency norms. While free bargaining continues to be regarded with suspicion by legal scholars who are hostile to private ordering, the proper scope of free bargaining remains in dispute. Combined with a recent renewed interest in this field, these academic tensions mean that the time is right for a reconsideration of contract law

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