This Element describes the fundamental principle of modernity that is the functional differentiation of society, how, under conditions of globalisation, market thinking came to hoist itself to the position of privileged site of societal rationality, what sustains law's own 'reflexive intelligence' under conditions of globalization.
The book provides a critical analysis of the meaning and role of obligations in law by setting them in their social, political, and economic contexts.
Recognized for its significant contributions to legal theory, this award-winning work delves into complex legal concepts and their implications. It presents a thought-provoking analysis that challenges traditional views and encourages readers to rethink the foundations of legal systems. Through rigorous argumentation and innovative perspectives, the author explores the intersection of law, ethics, and society, making it a vital read for scholars and practitioners in the field.