The Rebirth of Contract

The Rebirth of Contract is a comprehensive guide for judges, academics, and students seeking to understand the contract law doctrine of 'promissory estoppel.' It provides evidence that this doctrine was artificially invented and historically unprecedented and offers economic and moral grounds for repudiating it. The book also presents an analytic framework for deciding 'promissory estoppel cases' using traditional contract law tools. By tracing the historical development of Anglo-American contract law since the Norman conquest of England, the book provides a forensic investigation into and refutation of the claims of historical precedent upon which promissory estoppel was marketed to the American judiciary and academy. The Rebirth of Contract includes a law and economics analysis of both traditional contract law and promissory estoppel, focusing on Pareto improving transactions. Finally, it offers a roadmap for returning to traditional contract law.