Explore the intricate nexus of freedom of contract and paternalism through a penetrating economic lens. This vital academic volume critically assesses the prospects and limitations of economic approaches in contract law, scrutinizing how financial analysis justifies paternalistic interventions. It offers a comprehensive internal critique of mainstream law and economics scholarship, enhancing understanding of contractual limitations. Essential reading for Indian legal scholars, economists, and students of law and economics seeking advanced insights into economic policy and legal theory.