Legal System

Many of the problem areas in the law of contracts stem from the historical fact that the law of contracts has been fashioned out of material that does not fit together logically. Some jurists view contracts as conventions serving to secure people's expectations. These jurists, who support their approach by invoking the allied philosophical traditions of utilitarianism and pragmatism, have tried to make the law of contracts a device to protect parties who rely on promised advantages. Therefore, these jurists want law-enforcement processes to make people live up to the expectations they arouse in others.

The right to a fair trial is commonly considered so central to our system of justice and so much a part of our legal heritage that to deny that peo

George H.

Economists have been relatively silent about the legislation from the 1930’s which supports unionism and collective bargaining in the United

That philosophic ideas count is no news to Austrian economists, whose economic theories rest on conceptual analyses of action and value.

In his seminal work, “The Problem of Social Cost,” Coase held that in cases of private property right disputes involving what have been

Most libertarians view civil disobedience or resistance to the State differently than members of the general public.

One thing I learned from Professor King’s paper is that he and I are far less in agreement on punishment theory than I had anticipated.

In his recent work, Tyranny and Legitimacy, James Fishkin advances an argument against Roben Nozick’s theory of, what Fishkin calls, “a

We might assume from the title of Hayek’s earliest comprehensive treatment of the subject that the “rule of law” would appear as