The Natural Law Foundation of the Market
GUO Rui , John S. Baker, Jr.
Front. Law China ›› 2020, Vol. 15 ›› Issue (4) : 409 -430.
The Natural Law Foundation of the Market
In answering three important questions related to natural law, this paper offers a coherent explanation of the market. We argue that the market, rather than a mechanism that simply serves narrow self-interests, finds its legitimacy in the ethical origins of the market order. The need for law to support and sustain the market, including by imposing necessary limits on the freedom of the market players, flows from those ethical origins.
natural law / market regulation / the principle of subsidiarity
Higher Education Press
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