The economic theory of contract is being reshaped in ways which resonate with the findings of socio-legal contract scholars and of industrial economists and sociologists in the Marshallian tradition, who emphasise the 'embeddedness' of organizations within their social and cultural environment....

Changes in public policy and corporate strategy have enhanced the role of contracts as mechanisms of economic governance. The understanding that norms, standards and other forms of regulatory mechanism can affect the structure of incentives and the quality of contractual outcomes has helped to...

Changes in public policy and corporate strategy have enhanced the role of contracts as mechanisms of economic governance. The understanding that norms, standards, and other forms of regulatory mechanism can affect the structure of incentives and the quality of contractual outcomes has helped to...