*Liberty of Contract: Rediscovering a Lost Constitutional Right*

*BOOK FORUM
Tuesday, January 18, 2011
Noon (Luncheon to Follow)*

Featuring the author *David N. Mayer*, Professor, Capital University Law
School; moderated by *Roger Pilon*, Vice President for Legal Affairs, Cato
Institute.

The Cato Institute
1000 Massachusetts Avenue, NW
Washington, DC 20001

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Under common law, private property and liberty of contract were long
protected by the courts — not entirely, but sufficiently to enable a free
society to emerge in America. In the late 19th century, however, and for
some 40 years thereafter, that protection intensified, yet it was still not
an era of unbridled "laissez faire constitutionalism" that later critics of
the era would label it, pointing to the Supreme Court's famous
*Lochner* decision
of 1905. Rather, early 20th-century Progressives were making steady inroads
on the liberty of contract in particular. And with the New Deal, that
liberty, especially concerning economic affairs, almost disappeared, and
continues even today as a "second-class" right. In a penetrating new Cato
Institute book, constitutional scholar David Mayer subtly explores the
complex history of liberty of contract, exploding current myths and shedding
new light on this fundamental right. Please join us for a discussion of this
important issue.

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