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For anyone interested in this extremely important point (that markets need a lot more than just enforcing contracts to work), two book recommendations: * Rob R
by mshron 8y ago
For anyone interested in this extremely important point (that markets need a lot more than just enforcing contracts to work), two book recommendations:
* Rob Reich, _Saving Capitalism_ [1]
* Steven K Vogel, _Marketcraft_ [2]
What kinds of contracts can be enforced? How much personal liability people should have? Is bankruptcy allowed? and so on. All trade-offs between different groups, and there’s no one “free market” answer to any of them.
[1] https://www.penguinrandomhouse.com/books/227780/saving-capitalism-by-robert-b-reich/9780345806222/ https://www.penguinrandomhouse.com/books/227780/saving-capit...
[2] https://global.oup.com/academic/product/marketcraft-9780190699857 https://global.oup.com/academic/product/marketcraft-97801906...