Sussman, Oren (1998) Language and Contract. Journal of Institutional and Theoretical Economics, 154 (2). pp. 384-405.
A civic society is distinguished by its language and its law. In this paper I suggest a theory that links these institutions via the notion of a standard contract. The theory is based upon two observations: that contracts are compiled in words, and that more common (standardized) words are easier to comprehend than less common ones. I will argue that these observations have far-reaching implications: that private contracting is restricted by past history, and that the State should play a role in the formation of contractual and legal standards.
|Keywords:||contract law; linguistics; government; legislation|
|Centre:||Faculty of Finance|
|Date Deposited:||23 Feb 2012 16:34|
|Last Modified:||23 Oct 2015 14:07|
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