1. Freedom of contract.
- Author
-
Dees, J. Gregory
- Subjects
CONTRACTS ,SOCIAL contract ,PROPERTY rights ,LIBERALISM ,FREE enterprise ,ECONOMICS ,LIBERTARIANISM ,VOLUNTEER service - Abstract
Freedom of contract is the view that competent individuals should be at liberty to enter into private, consensual exchange agreements of their choosing, without interference from third parties, including governments. To the extent that government has an active role in economic life, it is to protect this freedom and to help enforce the contracts made under it. Belief in freedom of contract is generally accompanied by an endorsement of extensive individual property rights. This belief in individual liberty grew out of the major Western political and social transformations of the seventeenth and eighteenth centuries. [ABSTRACT FROM AUTHOR]
- Published
- 2005