Everything is a Contract
"Everything is a Contract" redefines how we navigate the world by framing every economic and social relationship as a contract—from job offers and corporate mergers to marriages and government regulations. Drawing on relatable real-world examples, from Tesla’s CEO compensation structure to Haidilao’s failed KPI experiments and Geely’s successful Volvo acquisition, this book breaks down core contract theory concepts like information asymmetry, incentive compatibility, and moral hazard. It explains why cash rewards sometimes kill intrinsic motivation, how to fix unfair performance ratcheting in the workplace, and why most corporate mergers fall apart. Whether you’re navigating office politics, running a business, or managing personal relationships, this book provides a rational decision-making framework to cut through complexity and make smarter choices aligned with your goals.