Abstract
Anthony Kronman has argued that libertarians cannot distinguish non-arbitrarily between legitimate and illegitimate advantage-taking in contractual relations except by reference to a liberal, wealth-redistributive standard Kronman calls “paretianism.” We argue to the contrary that libertarians need not concede that any advantage-taking in contracts is legitimate and thus need not be liberal “paretians” with respect to advantage-taking.
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Alexander, L., Wang, W. Natural advantages and contractual justice. Law Philos 3, 281–297 (1984). https://doi.org/10.1007/BF00144329
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DOI: https://doi.org/10.1007/BF00144329