Philosophy 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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Thomas Hobbes on Contract Theory - Dictionary of Arguments
Brocker I 575 Contract Theory/Hobbes/KerstingVsBuchanan/Kersting: Even Hobbes' theory is more acceptable than Buchanan's theory(1), because as a consequence of the descriptive-empirical - and in its truth content quite doubtful - assumption of an all-round threat symmetry (everyone must be careful of everyone) Hobbes receives a contractual situation that indirectly and directly realizes the fairness structure described by the above keywords. Hobbes' individuals are equal and act as equals in the contractual situation. This is the only reason why Hobbes' philosophy has been able to remain in the discussion for so long, because its natural state provides an empirical interpretation of a normative condition that we cannot do without if the contractual argument is to be of any theoretical justification relevance. Cf. >Contracts/Buchanan, >Contract theory/Buchanan. 1.Vgl. James M. Buchanan, The Limits of Liberty. Between Anarchy and Leviathan, Chicago/London 1975. Dt.: James M. Buchanan, Die Grenzen der Freiheit. Zwischen Anarchie und Leviathan, Tübingen 1984. Wolfgang Kersting, „James M. Buchanan, Die Grenzen der Freiheit“ in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________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. |
Hobbes I Thomas Hobbes Leviathan: With selected variants from the Latin edition of 1668 Cambridge 1994 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |
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Ed. Martin Schulz, access date 2024-04-28