Book contents
- New Private Law Theory
- New Private Law Theory
- Copyright page
- Contents
- Preface
- New Private Law Theory
- Part I Methods and Disciplines
- Part II Social Ordering, Constitutionalism and Private Law
- Part III Transactions and Risk: Private Law and the Market
- 11 Negotiation, the Function of Contract and the ‘Justice of Consensus’
- 12 Knowledge and Information
- 13 Private Power
- 14 Non-discrimination
- 15 Risk, Tort and Liability
- 16 Digital Architecture of Private Law Relations
- 17 Between Market and Hierarchy
- Part IV Persons and Organizations
- Part V Private Law (Rule-Setting) beyond the State
- Index
- References
11 - Negotiation, the Function of Contract and the ‘Justice of Consensus’
from Part III - Transactions and Risk: Private Law and the Market
Published online by Cambridge University Press: 09 April 2021
Book contents
- New Private Law Theory
- New Private Law Theory
- Copyright page
- Contents
- Preface
- New Private Law Theory
- Part I Methods and Disciplines
- Part II Social Ordering, Constitutionalism and Private Law
- Part III Transactions and Risk: Private Law and the Market
- 11 Negotiation, the Function of Contract and the ‘Justice of Consensus’
- 12 Knowledge and Information
- 13 Private Power
- 14 Non-discrimination
- 15 Risk, Tort and Liability
- 16 Digital Architecture of Private Law Relations
- 17 Between Market and Hierarchy
- Part IV Persons and Organizations
- Part V Private Law (Rule-Setting) beyond the State
- Index
- References
Summary
This chapter addresses the function that negotiations and contracts fulfil in society (and in law) and explores the extent to which consensus is a source of legitimacy for legal effects (‘justice of consensus’) – including the negative side, the limits of the legitimacy of consensus. More in detail, this chapter is about three main sub-questions: justification(s) for freedom of contact and of its limitations; which kinds of particular limitations may be legitimate, namely whether and when redistribution is a legitimate goal, and how much rationality can be assumed or not and which reactions are advisable in case of biases. One particular prerequisite for ‘free’ decision-making – free in a meaningful way, that is, information – is dealt with in Chapter 12.
Information
- Type
- Chapter
- Information
- New Private Law TheoryA Pluralist Approach, pp. 207 - 229Publisher: Cambridge University PressPrint publication year: 2021
References
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Benson, Peter, Justice in Transactions: A Theory of Contract Law (Cambridge / MA: Harvard University Press, 2020)Google Scholar
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Harsanyi, John, ‘Measurement of Social Power, Opportunity Costs, and the Theory of Two-Person Bargaining Games’, 7 Behavioral Science 67–80 (1962)CrossRefGoogle ScholarPubMed
Josserand, Louis, ‘Le contrat dirigé’, 32 Dalloz – Recueil hebdomadaire, croniques 89–92 (1933).Google Scholar
Posner, Eric, ‘Economic Analysis of Contract Law after Three Decades: Success or Failure?’, 112 Yale Law Journal 829–80 (2003)Google Scholar
Schmidt-Rimpler, Walter, ‘Grundfragen der Erneuerung des Vertragsrechts’, 147 Archiv für civilistische Praxis 130–97 (1941).Google Scholar
Thaler, Richard / Sunstein, Cass, ‘Libertarian Paternalism’, 93 American Economic Review 175–9 (2003)Google Scholar
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