Legal Foundations of Capitalism

An exploration of the impact of legal institutions on the evolution of capitalism, particularly the substantive content of the concept of reasonableness. The source and nature of one of Commons's most explosive concepts--the labor contract--is highlighted in the new preface by Joseph Dorfman. "In ... placing jurisprudence at the centre of economic inquiry... He was thereby the inventor of ... the economics of law." M. Blaug Great Economists Before Keynes