Language and Contract
AbstractA 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.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 154 (1998)
Issue (Month): 2 (June)
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- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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- Sussman, Oren, 1999. "Economic growth with standardized contracts," European Economic Review, Elsevier, vol. 43(9), pages 1797-1818, October.
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