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Contractualism is a term in philosophy which refers either to a family of political theories in the social contract tradition (when used in this sense, the term is an umbrella term for all social contract theories that include contractarianism), [1] or to the ethical theory developed in recent years by T. M. Scanlon, especially in his book What We Owe to Each Other (published 1998).
Contract theory in economics began with 1991 Nobel Laureate Ronald H. Coase's 1937 article "The Nature of the Firm". Coase notes that "the longer the duration of a contract regarding the supply of goods or services due to the difficulty of forecasting, then the less likely and less appropriate it is for the buyer to specify what the other party should do."
6 Contract Law and Theory in 1770–I; 7 Contract Law and Theory in 1770–II; Part II The Age of Freedom of Contract, 1770–1870. 8 The Condition of England, 1770–1870; 9 The Role of Government, 1770–1870; 10 The Role of the Individual, 1770–1870; 11 The Intellectual Background, 1770–1870–I; 12 The Intellectual Background, 1770 ...
The promise must be real and unconditional. This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible. Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.
Relational contract theory was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. According to Macneil, the theory offered a response to the so-called "The Death of Contract" school’s nihilistic argument that a contract was not a fit subject for study as a whole; each different type of contract (e.g., sales, employment, negotiable ...
The defining characteristics of libertarian legal theory are its insistence that the amount of governmental intervention should be kept to a minimum and the primary functions of law should be enforcement of contracts and social order, though social order is often seen as a desirable side effect of a free market rather than a philosophical ...
The central assertion that social contract theory approaches is that law and political order are not natural, but human creations. The social contract and the political order it creates are simply the means towards an end—the benefit of the individuals involved—and legitimate only to the extent that they fulfill their part of the agreement.
4. The Changing Concept of Law 5. Nomos: The Law of Liberty 6. Thesis: The Law of Legislation. Vol. 2: The Mirage of Social Justice (1976) 7. General Welfare and Particular Purposes 8. The Quest for Justice 9. 'Social' or Distributive Justice 10. The Market Order or Catallaxy 11. The Discipline of Abstract Rules and the Emotions of the Tribal ...