Rule of law in the context of economic theory Cover Image

Верховенство права в контексті економічної теорії
Rule of law in the context of economic theory

Author(s): O. A. Grytsenko
Subject(s): Labor relations, Law on Economics, Socio-Economic Research
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: Rule of law; the legal economy; the transaction costs; the actors of the demand for law; co-division labor;

Summary/Abstract: On the basis of the methodology of economic theory considers the objectivelegitimacy of the emergence of the rule of law. It is proved that the rule of law emerges asan internal component of economic life and determines a measure of combining freedomof individuals and their dependence on society. Legal economy is based on the rule of law.The main features of the legal economy are contractual relationship, competition rightsand obligations, the trust between business, society and the state.

  • Issue Year: 3/2015
  • Issue No: 22
  • Page Range: 77-88
  • Page Count: 12
  • Language: Ukrainian