Construction
Feb. 13, 2002
Building a Makeshift Solution
Forum Column - By James Acret - Economists teach that when people freely enter into a contract it is because each expects to gain an advantage. Liberal economists point out that any governmental interference with freedom of contract should be scrutinized carefully to avoid detracting from the efficiency of the marketplace. In the case of construction contracts, the advantage to the owner is acquisition of a building while the advantage to the contractor is profit.
Forum Column
By James Acret
Economists teach that when people freely enter into a contract it is because each expects to gain an advantage. Liberal economists point out that any governmental interference with freedom of contract should be scru...
By James Acret
Economists teach that when people freely enter into a contract it is because each expects to gain an advantage. Liberal economists point out that any governmental interference with freedom of contract should be scru...
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