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Just Exchange: A Theory of Contract

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Now, for the first time, there is a comprehensive, eminently readable book designed to focus thinking in the area of contract law. This book bridges the gap between law and economics by confronting normative values that economists too often deem the preserve of moral philosophers. Contract theorists, on the other hand, are seldom in sympathy with economic efficiency norms. While free bargaining continues to be regarded with suspicion by legal scholars who are hostile to private ordering, the proper scope of free bargaining remains in dispute. Combined with a recent renewed interest in this field, these academic tensions mean that the time is right for a reconsideration of contract law.

Drawing on scholarship from diverse fields and using illuminating and erudite examples, Just Exchange is entertaining as well as informative. Of interest to economists, lawyers, public policy-makers and those intersted in contract theory, this volume is a valuable overview of a vital intersection between legal studies and economics.

224 pages, Hardcover

First published January 1, 2004

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About the author

F.H. Buckley

15 books24 followers
Francis H. Buckley: Son of F.J. & H.B. Buckley; M. Esther Goldberg; child Sarah.
BA, McGill University 1969
LLB, McGill University 1974
LLM, Harvard University 1975
Exec Dir/Assoc Dean of Geo Mason Law & Economics Center & Foundation Law Prof who's taught there since '89 & was Visiting Olin Fellow at the U of Chicago Law School in '88/9. Shimer College trustee. Twice visiting professor at the Sorbonne/ Paris II, in fall '07 he was visiting professor at the Institut d'études politiques de Paris. He writes on law & economics & has published in journals, including the Journal of Legal Studies, the International Review of Law, Crisis & Economics & Public Choice. He's defended free markets before the American Enterprise Inst. His books include Fair Governance (Oxford '09), The Morality of Laughter (Michigan '03) & Just Exchange: A Theory of Contract (Routledge '05).
Geo Mason's Law & Economics Center, focusing on issues like tort reform, declines releasing fundraising & donor information. Documents released by the Community Rights Counsel, including some released as part of the nat'l tobacco settlement, show that its officials asked R.J. Reynolds Tobacco for $20,000 for its federal judges program, according to a Reynolds internal email. The center received $40,000 from Philip Morris from '96-99 & was listed among "key allies". It also received $40,000 from Exxon Mobil Foundation in '04. Buckley said their policy of silence as re donors is best for all. He declined to say where the seminars take place, citing security reasons: "We've been advised that there are more ethical problems if you disclose than if you don't."

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56 reviews7 followers
April 8, 2011
The concept sounded great. But, it is unbelievable. Someone who studies history and teaches history BUT doesn't get it that he could change the past. He also doesn't get it that he is with a nun! I got way too irritated. I had to stop reading this book it was longer interesting or fun.
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