Contract and promise


A contract theory is an attempt both to make normative sense of contract law as an institutional type and to come up with criteria for the evaluation of the law of any particular place. There is no precise rule telling us how far the prescriptions of a theory can deviate from actually existing contract law and still be a theory of contract — rather than a political proposal to replace contract law with something else. But we can say roughly that contract theory aims to provide normative foundations for the type of legal institution that enforces (some) agreements and unilateral commitments. Having provided an account of the point of having an institution of that general kind, the theory can then be used to evaluate existing examples.



    Upload a copy of this work     Papers currently archived: 84,152

External links

  • This entry has no external links. Add one.
Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

  • Only published works are available at libraries.


Added to PP

35 (#360,558)

6 months
1 (#511,323)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Liam Murphy
New York University

References found in this work

No references found.

Add more references