Maggie's Farm

The genius of Anglo-American law and its relationship to individual freedom, property rights, capitalism, contracts, and equality under the law.

The above is a section from Alan Macfarlane's excellent, or should I say "magisterial" book,  The Invention of the Modern World.

A quote from the section:

In relation to the economy, for example, Adam Smith placed ‘a due administration of justice’, alongside peace and easy taxes, as one of the three requisites for wealth. The other half of The Wealth of Nations are his recently discovered Lectures on Jurisprudence, first published in 1978.  Smith wrote about how English law seemed in its certainty, its complexity and its concern with property to be ideally suited to be a foundation for commercial capitalism. He noted for that ‘there is no country in Europe, Holland itself non-excepted, of which the law is, upon the whole more favourable in this sort of industry.’1 He also writes of ‘that equal and impartial administration of justice which renders the rights of the meanest British subject respectable to the greatest, and which, by securing to every man the fruits of his own industry, gives the greatest and most effectual encouragement to ever sort of industry…