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Economics as Context for Contract Law


George S. Geis


University of Virginia School of Law

March 1, 2008

University of Chicago Law Review, Vol. 75, No. 1, 2008

Abstract:     
This short essay conducts a review of Victor Goldberg's 2006 book entitled Framing Contract Law. Part I offers a basic overview of Goldberg's analysis, along with several detailed illustrations of his methodological approach. Part II then devotes sustained attention to one of the book's core themes - the relationship of option theory to contract law - to consider how a better understanding of economic incentives can improve legal decisions. Part III refocuses the discussion by raising some thorny design questions that must be addressed before the contract law canvas can be comfortably mounted on an economic frame.

Number of Pages in PDF File: 32

Keywords: contract law, economic analysis

JEL Classification: K12

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Date posted: September 24, 2008  

Suggested Citation

Geis, George S., Economics as Context for Contract Law (March 1, 2008). University of Chicago Law Review, Vol. 75, No. 1, 2008. Available at SSRN: http://ssrn.com/abstract=1272695

Contact Information

George S. Geis (Contact Author)
University of Virginia School of Law ( email )
580 Massie Road
Charlottesville, VA 22903
United States

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