The Natural Law Foundation of the Market

GUO Rui; John S. Baker, Jr.

doi:10.3868/s050-009-020-0024-6

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Front. Law China ›› 2020, Vol. 15 ›› Issue (4) : 409-430. DOI: 10.3868/s050-009-020-0024-6

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The Natural Law Foundation of the Market

GUO Rui¹ ,
John S. Baker, Jr.²

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Abstract

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.

Keywords

natural law / market regulation / the principle of subsidiarity

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GUO Rui, John S. Baker, Jr.. The Natural Law Foundation of the Market. Front. Law China, 2020, 15(4): 409‒430 https://doi.org/10.3868/s050-009-020-0024-6