Law and The Invisible Hand: A Theory of Adam Smith's Jurisprudence (Draft Chapter 1)

Robin Paul Malloy, Law and the Invisible Hand: A Theory of Adam Smith's Jurisprudence (Cambridge University Press 2021)

8 Pages Posted: 11 Jan 2022

See all articles by Robin Paul Malloy

Robin Paul Malloy

Syracuse University College of Law

Date Written: November 1, 2021

Abstract

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.

Keywords: Adam Smith, law, jurisprudence, economics, history of economics, invisible hand, law and economics, law and society

JEL Classification: B12, B31, K, N01

Suggested Citation

Malloy, Robin Paul, Law and The Invisible Hand: A Theory of Adam Smith's Jurisprudence (Draft Chapter 1) (November 1, 2021). Robin Paul Malloy, Law and the Invisible Hand: A Theory of Adam Smith's Jurisprudence (Cambridge University Press 2021), Available at SSRN: https://ssrn.com/abstract=4003600

Robin Paul Malloy (Contact Author)

Syracuse University College of Law ( email )

Syracuse, NY 13244-1030
United States
315-443-3559 (Phone)
315-443-4141 (Fax)

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