5min chapter

Planet Money cover image

Surprise, you just signed a contract! How hidden contracts took over the internet

Planet Money

CHAPTER

The History of Contracts

Nancy Kim is a law professor at Chicago Kent and an expert in how contracts went wrong. In the 1800s, courts mostly got out of the business of deciding whether a deal was fair or not. The modern contract creates a society full of people making choices for themselves,. And all these transactions were supposed to be good for the economy.

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