TY - BOOK AU - Oman,Nathan TI - The dignity of commerce: markets and the moral foundations of contract law SN - 9780226415666 AV - K840 .O57 2017 U1 - 346.07 23 PY - 2017/// CY - Chicago PB - The University of Chicago Press KW - Contracts KW - Moral and ethical aspects KW - Commerce KW - Law KW - Philosophy KW - ukslc KW - Jurisprudence & general issues KW - thema KW - Legal ethics & professional conduct KW - Laws of specific jurisdictions & specific areas of law KW - Contract law N1 - Previously issued in print: 2017; Includes bibliographical references and index; Specialized N2 - Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. With 'The Dignity of Commerce', Nathan B. Oman argues persuasively that well-functioning markets are morally desirable in and of themselves and thus a fit object of protection through contract law. Markets, Oman shows, are about more than simple economic efficiency. To do business with others, we must demonstrate understanding of and satisfy their needs. This ability to see the world from another's point of view inculcates key virtues that support a liberal society UR - http://chicago.universitypressscholarship.com/view/10.7208/chicago/9780226415666.001.0001/upso-9780226415529 ER -