Help me understand a passage from a law book (on freedom of contract) + recommend me resources for further reading!
December 29, 2012 3:28 AM Subscribe
Help me understand a passage from a law book: The most important consequence of changing views about freedom of contract in the period of 1870-1980 was the rise of the various institutions associated with the 'welfare state'. The introduction of institutions such as state-funded education and medical care, not to mention unemployment insurance and welfare, can be understood in large part as premised on the belief that freedom of contract is an empty ideal for those lacking the means to enter a market
posted by ethelwulf to Law & Government (13 answers total) 1 user marked this as a favorite
- a passage from a book (I am reading on my own) called "Atiyah's Introduction to the Law of Contract" by Stephen A. Smith.
I don't really understand the last sentence of the passage I've quoted (especially the bold part) and am not too familiar with the topic of 'welfare state'.
Please could someone help to clarify what it means?
Additionally, suggestions for further reading on this topic would be most welcome.