Risks and Wrongs

Regular price RM157.15 MYR
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Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Risks and Wrongs

Regular price RM157.15 MYR
Unit price
per
ISBN: 9780521329507
Authors: Jules L. Coleman
Date of Publication: 1992-11-27
Format: Hardcover
Related Collections: Business, Economics, Philosophy
Related Topics: Finance, Management, Finance, Society, Theory
Goodreads rating: 4.0
(rated by 3 readers)

Description

This major new book by one of America's preeminent legal theorists is concerned with the conflict between the goals of justice and economic efficiency in the allocation of risk, especially risk pertaining to safety. The author approaches his subject from the premise that the market is central to liberal political, moral, and legal theory. In the first part of the book, he rejects traditional 'rational choice' liberalism in favor of the view that the market operates as a rational way of fostering stable relationships and institutions within communities of individuals with broadly divergent conceptions of the good. However, markets are needed most where they are most difficult to create and sustain, and one way to understand contract law in liberal legal theory, according to Professor Coleman, is as an institution designed to reduce uncertainty and thereby make markets possible.
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Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.