The Meaning of the Law

“No one has seen a dog that exchanges a bone with another dog for profit” is the initial sentence that A. Smith writes in a book titled “About the Richness of Nations.” This sentence shows the meaning of economics. The manual from which I learned began with an abstract and bary definition of “market”. Everything went on and on was, in effect, incomprehensible to me (except for the fascinating theory of money). But Smith enlightened me. Making a profit is the meaning and essence of economics.

What is the meaning of civil and economic law? It’s handling transactions that dogs don’t do, but people do. The law fulfills the meaning of economics: FAIR to enter into, fulfill and judge for-profit transactions. Anyone who does not understand or forget about it does not understand the meaning and purpose of the law at all. Fair and for profit. The law lecture continues with Roman law. He then sticks to first-year students that the purpose of the law is his own -beautiful otherwise – institutions.

And it teaches that economics is something strange and abstractly stupid compared to the specifics of the institution of law. As a result, we have a great number of judgments which show that the main or even the sole purpose of economic activity is for entrepreneurs to analyse legal institutions and regulations. Also, it’s a bit ..