Reception
A symposium on relational contract theory was held at Northwestern University in 1999, with papers given by a number of very distinguished American contract scholars including Stewart Macaulay, Melvin Eisenberg, Jay Feinman, Eric Posner, Robert E. Scott, and Richard Speidel.
Macneil's work is often considered inaccessible and difficult to read. And Macneil himself has expressed some disappointment at the reception of the work among legal scholars: 'I have now had over a decade to accept that there had never been any race to a relational theory of contract, nor have the succeeding years seen either widespread acceptance of (or indeed much challenge to) my particular theory or the development of other relational theories.' However, the Northwestern symposium and other more recent work goes some way to correcting that omission. In particular, David Campbell has published an edited collection of Macneil's relational contract theory work. Macneil's work in particular has also been discussed by Richard Austen-Baker, who relates Macneil's system of norms to English contract law doctrine, and used Macneil's theory to discuss the need or otherwise of further regulation of consumer contracts.
Relational contract theory has probably wider use and acceptance in management scholarship, and there is a considerable volume of management scholarly literature that refers to and utilises Macneil's insights.
Read more about this topic: Ian Roderick Macneil
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