The subject of contracts is not particularly romantic, which is part of the reason I’d like to talk about contracts—and how we might reach beyond them.
In some ways, we’ve come to overly ignore, downplay, or disregard contracts. Across the world, we see grandmaster politicians and planners trying to impose various “solutions” with the flicks of their wands, paying little attention to core features like trust and respect for property rights. Here in America, our government is increasingly bent on diluting or subverting our most fundamental agreements, whether between husband and wife or foreclosed Billy and his bank.
In other ways, however, we are excessively contract-minded, particularly when it enables us to slack off or lead predictable, controllable lives. We want guarantees to ensure the maximum reward for the minimum amount of work. We want legislation that protects our jobs and locks in our wages and retirement. We want to put in our 40, return to our couches, grab one from the cooler, and say, “that’s that.” We want to give our effort insofar as we receive our due, insulating ourselves from risk, sacrifice, and discomfort wherever possible. (more…)