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Governance and Societal Normativity

In: Relational Economics

Author

Listed:
  • Josef Wieland

    (Zeppelin University)

Abstract

Relational contracts refer to a “social matrix,” which introduces a social-theoretical dimension into legal contract theory. This corresponds to the effectiveness of formal and informal institutions in contractual relations, which require multiple forms of governance and mechanisms to be adequately proportioned. The parameters of such a relational governance structure are functional equivalents for each other. Governance is both a form of relation and a process of relationing. It thus always processes societal normativity, which can only be successfully linked in and through the transaction as a unity of difference.

Suggested Citation

  • Josef Wieland, 2020. "Governance and Societal Normativity," Relational Economics and Organization Governance, in: Relational Economics, chapter 0, pages 43-54, Springer.
    • Handle: RePEc:spr:recchp:978-3-030-45112-7_4
    DOI: 10.1007/978-3-030-45112-7_4
    as

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