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Governance and Societal Normativity

Josef Wieland ()
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Josef Wieland: Zeppelin University

Chapter Chapter 4 in Relational Economics, 2020, pp 43-54 from Springer

Abstract: Abstract Relational contracts refer to a “social matrix,” which introduces a social-theoretical dimension into legal contract theory. This corresponds to the effectiveness of formal and informal institutions in contractual relations, which require multiple forms of governance and mechanisms to be adequately proportioned. The parameters of such a relational governance structure are functional equivalents for each other. Governance is both a form of relation and a process of relationing. It thus always processes societal normativity, which can only be successfully linked in and through the transaction as a unity of difference.

Keywords: Relational contracts; Governance; Societal normativity; Unity of difference (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:recchp:978-3-030-45112-7_4

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DOI: 10.1007/978-3-030-45112-7_4

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