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Law and the Invisible Hand - A Theory of Adam Smith's Jurisprudence (Hardcover, New Ed)
Loot Price: R2,212
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Law and the Invisible Hand - A Theory of Adam Smith's Jurisprudence (Hardcover, New Ed)
Expected to ship within 12 - 19 working days
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A contemporary interpretation of Adam Smith's work on
jurisprudence, revealing Smith's belief that progress emerges from
cooperation and a commitment to justice. In Smith's theory, the
tension between self-interest and the interests of others is
mediated by law, so that the common interest of the community can
be promoted. Moreover, Smith informs us that successful societies
do at least three things well. They promote the common interest,
advance justice through the rule of law, and they facilitate our
natural desire to truck, barter, and exchange. In this process, law
functions as an invisible force that holds society together and
keeps it operating smoothly and productively. Law enhances social
cooperation, facilitates trade, and extends the market. In these
ways, law functions like Adam Smith's invisible hand, guiding and
facilitating the progress of humankind.
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