Abstract
Contracts help to solve some of the basic challenges of cooperation for humans. One of the insights of economics, since the time of Adam Smith, is that a great deal of human productivity comes from cooperation and collaboration. In the eighteenth Century that astounding Scottish polymath published the foundational book for economics: An Inquiry into the Nature and Causes of the Wealth of Nations. He opens Chapter 1 of The Wealth of Nations by pointing out the importance of the division of labor in human prosperity:
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Goodenough, O.R. (2021). Integrating Smart Contracts with the Legacy Legal System: A US Perspective. In: Cappiello, B., Carullo, G. (eds) Blockchain, Law and Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-52722-8_13
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