Psychology Dictionary of ArgumentsHome
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| Contract theory: Contract theory is the study of how people and organizations construct and develop legal agreements. It is based on the idea that contracts are designed to achieve efficiency by aligning the incentives of the parties involved. Contract theory is a branch of economics that studies how economic actors can and do construct contractual arrangements, generally in the presence of information asymmetry. See also Information asymmetry, Contracts._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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John Rawls on Contract Theory - Dictionary of Arguments
I 167 Contract Theory/Rawls: Rawls distinguishes the approach of utilitarianism from that of contract theory. For example, if one takes the view of contracts as a basis, the argument of the slave keeper is correct: it would be a mistake if the slaves wanted to answer (...) that there is no actual choice and no equal distribution of opportunities. >Slavery/Rawls. The treaty doctrine is purely hypothetical: if a version of justice were chosen in the initial situation of a society to be built, its principles would be those that were applied. It is not an argument that such an understanding was not intended or would ever be. We cannot have both: a hypothetical interpretation without concrete information about the result... I 168 ...and later by reassessing the risk, rejecting principles we no longer want to have. (Contractual doctrine/Rawls/(s): what Rawls calls the treaty doctrine is therefore a more rigid commitment to structures that will be maintained in the future than its own approach would imply. Nevertheless, RawlsVsUtilitarianism.) >Utilitarianism, >VsUtilitarianism._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rawl I J. Rawls A Theory of Justice: Original Edition Oxford 2005 |
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> Counter arguments in relation to Contract Theory
