Abstract
This review of Peter Benson's Justice in Transactions focuses on the book's attempt to combine the juridical vision of contract with contract's social role in providing a coherent framework for market relations. The combination is challenging because the juridical conception ignores particular interests, needs, purposes, and preferences of contracting parties, while the market is precisely a system for satisfying needs or obtaining substantive satisfactions. The review suggests that Benson's treatment of the combination is open to two readings: one reading claims that contract as we know it actually succeeds in achieving public justification; the other reading claims that contract could potentially be a justified institution, but only if the background regime of rights was transformed so that juridical and substantive equality were more closely aligned.
| Original language | English |
|---|---|
| Pages (from-to) | 224-230 |
| Number of pages | 7 |
| Journal | European Review of Contract Law |
| Volume | 17 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Jun 2021 |
Keywords
- contract theory
- contracts
- law and philosophy
- markets
All Science Journal Classification (ASJC) codes
- Law