The Dignity of Commerce: Markets and the Moral Foundations of Contract Law

Name: The Dignity of Commerce: Markets and the Moral Foundations of Contract Law
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4.4 of 5 Stars: Legal History - The Dignity of Commerce: Markets and the Moral Foundations of Contract Law

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Book Synopsis: Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. Just as Shakespeare's Shylock can stand on his contract with Antonio not because Antonio is bound by honor but because the enforcement of contracts is seen as important to maintaining a kind of social arrangement, today's contracts serve a fundamental role in the functioning of society.

With The Dignity of Commerce, Nathan B. Oman argues persuasively that well-functioning markets are morally desirable in and of themselves and thus a fit object of protection through contract law. Markets, Oman shows, are about more than simple economic efficiency. To do business with others, we must demonstrate understanding of and satisfy their needs. This ability to see the world from another's point of view inculcates key virtues that support a liberal society. Markets also provide a context in which people can peacefully cooperate in the absence of political, religious, or ideological agreement. Finally, the material prosperity generated by commerce has an ameliorative effect on a host of social ills, from racial discrimination to environmental destruction.

The first book to place the moral status of the market at the center of the justification for contract law, The Dignity of Commerce is sure to elicit serious discussion about this central area of legal studies.

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Are you tired of the constant debate over the necessity of enforcing contracts? At our retail sales company, we believe that contracts are not simply legal obligations, but fundamental to the moral fabric of society. Introducing "The Dignity of Commerce: Markets and the Moral Foundations of Contract Law," a groundbreaking book by Nathan B. Oman.

In this thought-provoking book, Oman challenges the traditional understanding of contracts as solely based on moral obligations. He argues that well-functioning markets are not just economically efficient, but morally desirable in their own right. By protecting contracts, we safeguard the essential social arrangements that underpin our society.

Discover how markets foster virtues such as understanding and empathy, as we engage in transactions and satisfy the needs of others. Through commerce, we gain the invaluable ability to see the world from different perspectives, supporting the foundations of a liberal society.

Furthermore, markets provide a peaceful platform for individuals to cooperate, regardless of their political, religious, or ideological differences. The diverse world of commerce allows for collaboration and understanding, creating a more harmonious society.

What's more, the material prosperity generated by commerce has a transformative impact on various social issues. From combating racial discrimination to addressing environmental destruction, the economic growth resulting from well-functioning markets can be a force for positive change.

Be part of a game-changing discussion by delving into "The Dignity of Commerce." This pioneering book places the moral status of markets at the heart of the justification for contract law, challenging conventional wisdom and providing fresh insights.

Don't miss this opportunity to broaden your understanding of the fundamental importance of markets. Join the conversation and order your copy of "The Dignity of Commerce: Markets and the Moral Foundations of Contract Law" today.

Order now and embrace the moral significance of commerce and the role it plays in shaping our society.

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