I don't think you know what a tautology is. Me making an argument you don't like isn't tautological. Basic contract theory requires A. A is not always true. Ac

I don't think you know what a tautology is. Me making an argument you don't like isn't tautological. Basic contract theory requires A. A is not always true. Accordingly, we modulate applying basic contract theory on the basis of how true A is. When A is not true, we don't apply it. This applies in respect of large M&A deals as well as in respect of labour law. Making transactions work better requires us to understand when transactions work well and when they don't.