ENGLISH

Risks and Wrongs

By Jules L. Coleman

Book information

Publisher
Cambridge University Press
Year
1992
ISBN
0521428610, 9780521428613, 0521329507, 9780521329507, 0199253617, 9780199253616
LCC
K230.C64 R57 1992
Language
english
Format
PDF
Filesize
21 MB (21614276 bytes)
Series
Cambridge Studies in Philosophy and Law
Pages
528\528
Topic
Education
Time added
2011-06-04 13:46:07

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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