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This text contains the plenary reports and a selection of working group reports from a seminar on critical contract law held near Helsinki in May 1992. The purpose of the seminar was to bring together the ongoing discourses on the welfare state and its crisis, and on the alternative paradigms of contracts law with the discourse on international harmonization of contract law, especially in Europe and within the European Communities.;The theory of contract is related to other social theories such as the theory of a risk society. The possibilities of socially oriented perspectives of contract law in the next millennium are discussed. The text contains articles written by scholars from England, Germany, Italy, The Netherlands, Denmark, Norway and Finland, among others.