Risks and Wrongs

This classic 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.

Summary

This classic 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.

Product details

• Authors: Jules L. Coleman, Jules L. (Wesley Newcomb Hohfeld Professo Coleman, Jules L. (Wesley Newcomb Hohfeld Professor of Jurisprudence and the Philosophy of Law Coleman
• Publisher: Oxford University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2002
• EAN: 9780199253616
• ISBN: 978-0-19-925361-6
• No. of pages: 526
• Subjects: Humanities, art, music > Philosophy > General, dictionaries; Social sciences, law, business > Law > International law, foreign law; Legal Reference / Law Profession, LAW / Jurisprudence