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a share of profits—to persons who simply contribute capital to the firm, thus preventing the formation of investor-owned firms under the cooperative corporation statutes. 40 See, e.g., Oliver Williamson, Corporate Governance, 41 See Hansmann, supra note 32, Ch. 4. 93 YALE LAW JOURNAL 1197 (1984).
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The Harvard Law School Library supports the learning, research, and teaching needs of the HLS community through engagement with our expert staff and our unparalleled collection of global legal materials.
About the Harvard Law Review. Founded in 1887, the Harvard Law Review is a student-run journal of legal scholarship. The Review is independent from the Harvard Law School and a board of student editors selected through an anonymous annual writing competition make all editorial decisions. The print Review and its online companion, the Forum, are ...
OF CONTRACT LAW Steven Shavell* ABSTRACT Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). Chapter 13 presents an overview of the subject. Chapter 14 is
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The Harvard Law Review publishes articles by professors, judges, and practitioners and solicits reviews of important recent books from recognized experts. Each issue also contains pieces by student editors.
188 HARVARD LAW REVIEW FORUM [Vol. 134:184 Part III draws out its implications for modern practice and academic analysis. Tort law identifies ways in which a person must refrain from treating another (or, more rarely, must assist another). Each of the torts — not