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Money as a social contract

✍ Scribed by Eerik Lagerspetz

Publisher: Springer US
Year: 1984
Tongue: English
Weight: 441 KB
Volume: 17
Category: Article
ISSN: 0040-5833
DOI: 10.1007/bf00140051

No coin nor oath required. For personal study only.

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This paper explores some perverse features that can emerge when social contracts are moved from a social vacuum to a setting of social interdependence. In particular we note incentives that might exist in conjunction with externality problems that yield situations in which: (1) social contracts red