Conclusion
Conclusion
This chapter returns to Shakespeare and briefly restates the central normative claim of this book. Markets are morally valuable for reasons unrelated to economic efficiency. They inculcate certain virtues, foster cooperation in pluralistic societies, and generate the wealth that can ameliorate many social evils. They are worthy objects of legal support. Contract law should be organized so as to foster such well-functioning markets. It is the complex moral consequences of commerce, rather than bare economic efficiency, promissory morality, or personal autonomy, which justifies the enforcement of contracts.
Keywords: contracts, markets, morality, contract law
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