Fundamentally, law is to society as gravity is to the solar system, it is the invisible force that holds it together and keeps it operating smoothly and productively. Law enhances social cooperation, facilitates trade, and extends the market. In these ways, law functions like Adams Smith’s invisible hand, guiding and facilitating the progress of humankind. This paper outlines the elements of understanding Smith's theory of jurisprudence, and introduces the theory developed in my book.Download the draft from SSRN at the link.
January 20, 2022
Malloy on Law and the Invisible Hand: A Theory of Adam Smith's Jurisprudence (Draft Chapter 1) @SUCollegeofLaw
Robin Paul Malloy, Syracure University College of Law, has published Law and The Invisible Hand: A Theory of Adam Smith's Jurisprudence (Draft Chapter 1) (as part of Robin Paul Malloy, Law and the Invisible Hand: A Theory of Adam Smith's Jurisprudence (Cambridge University Press 2021). Here is the abstract.