Economics as Context for Contract Law

32 Pages Posted: 24 Sep 2008

See all articles by George S. Geis

George S. Geis

University of Virginia School of Law

Date Written: March 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.

Keywords: contract law, economic analysis

JEL Classification: K12

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: https://ssrn.com/abstract=1272695

George S. Geis (Contact Author)

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States

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