The exchange order : property and liability as an economic system / Richard Adelstein.

The exchange order : property and liability as an economic system / Richard Adelstein.

9780190694302 (electronic book)

New York, NY : Oxford University Press, 2017.

English

1 online resource

K5215 .A93 2017

346.04

This work illuminates a comprehensive social system that comprises explicit markets, tort liability, and criminal liability, and describes each of these three institutions as serving the same function in different social and physical circumstances. It defines exchanges as compensated transfers of rights and objects among individuals, and shows that markets, tort, and crime each operate to organize and facilitate, to govern, exchange of a particular kind of right in a particular exchange environment to which its own rules and procedures are well suited.

This work illuminates a comprehensive social system that comprises explicit markets, tort liability, and criminal liability, and describes each of these three institutions as serving the same function in different social and physical circumstances. It defines exchanges as compensated transfers of rights and objects among individuals, and shows that markets, tort, and crime each operate to organize and facilitate, to govern, exchange of a particular kind of right in a particular exchange environment to which its own rules and procedures are well suited.

Includes bibliographical references and index.

Access limited to authorized users.

Description based on online resource; title from home page (viewed on August 22, 2017).

Print version: 9780190694272

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