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Reciprocal Exchange as the Basis for Recognition Of Law: Examples from American History

English
The Journal of Libertarian Studies
Mises.org Publish Date: 
July 30, 2014 - 1:56 PM
Author 1: 
Bruce L. Benson [1]

The literature of American legal history is primarily a history of federal and state governments, creating the false impression that these governments have produced and enforced all relevant law. Indeed, there seems to be a widely held belief that law and order could not exist in a society without the organized authoritarian institutions of the state. But while law can be imposed from above by some powerful authority, like a king, a legislature, or a supreme court, law can also develop "from the ground", as a result of a recognition of mutual benefits, through exchanged agreements (explicit or implicit contracts) to obey and participate in the enforcement of such law.

Volume 10, Number 1 (1991)

Citation: 

Benson, Bruce L. "Reciprocal Exchange as the Basis for Recognition Of Law: Examples from American History." Journal of Libertarian Studies 10, No. 1 (1991): 53–82.

Topics: 
Free Markets [2]
Legal System [3]
U.S. History [4]
Austrian School: 
Political Theory [5]

Source URL: https://mises.org/library/reciprocal-exchange-basis-recognition-law-examples-american-history

Links
[1] https://mises.org/profile/bruce-l-benson
[2] https://mises.org/topics/free-markets
[3] https://mises.org/topics/legal-system
[4] https://mises.org/topics/us-history
[5] https://mises.org/austrian-school/political-theory