Abstract
This paper presents the main attributes of the law with regard to the development and prosperity of an economy, following the principles set forth by the Austrian School. The law has an intrinsic nature with themarket economy and yet is ignored by its researchers. The libertarian legal theories allow us to fully understand that since its inception, the law is a means of structuring the behaviors of individuals. And the stronger and spontaneous were its institutions, the more the society thrived. Nevertheless, the State significantly weakened the pillars of the law, seizing its foundations and making itself its sole operator, rotting its most vital roots. We must treat the State as a player in the vast market of government. In so doing, it will be responsible for its mistakes because only competition in a huge market can drive a nation to prosperity with the right laws.
Highlights
The aim of this paper is to put entrepreneurship as the main driver in the realm of governmental services, but instead focusing solely on the role of the entrepreneurs and how they should act, which have been done by several libertarian authors, we will approach it in a different light
Other authors have proved successful in this task and served as the basis for this work, but here we aim to show the reader that law, permeated by libertarian principles and by its institutions— duly analyzed from the point of view of the teachings of the Austrian school—shows us that the state may be unnecessary in our lives
In an attempt to ground a stateless society through the principles of law, we had to revisit the real concept of law, looking at how it developed over time and showing the weight of spontaneous order and how this seemingly simple concept have such important implications
Summary
The aim of this paper is to put entrepreneurship as the main driver in the realm of governmental services, but instead focusing solely on the role of the entrepreneurs and how they should act, which have been done by several libertarian authors, we will approach it in a different light. Contribution to all this is vast in the academic field of law. When considering all the elements to be addressed in this paper, we can find similarities in the past and, perhaps, future societies Entrepreneurship and human capacity over the years have been able to attain numerous achievements, and this will be yet another
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