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The dignity of commerce : markets and the moral foundations of contract law

Author: Nathan Oman
Publisher: Chicago : The University of Chicago Press, 2017.
Edition/Format:   eBook : Document : English
Summary:
"Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. With 'The Dignity of Commerce', Nathan B.  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nathan Oman
ISBN: 9780226415666 022641566X
OCLC Number: 1132102657
Notes: Titre de l'écran-titre (visionné le 21 novembre 2017).
Description: 1 ressource en ligne : fichiers HTML
Responsibility: Nathan B. Oman.

Abstract:

"Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. With 'The Dignity of Commerce', Nathan B. Oman argues persuasively that well-functioning markets are morally desirable in and of themselves and thus a fit object of protection through contract law. Markets, Oman shows, are about more than simple economic efficiency. To do business with others, we must demonstrate understanding of and satisfy their needs. This ability to see the world from another's point of view inculcates key virtues that support a liberal society."--Résumé de l'éditeur.

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