The Theory of Business

第31章

LegislationandlegaldecisionsarebasedonthedogmaofNaturalLiberty。ThisispeculiarlytrueasregardstheEnglish-speakingpeoples,thefoundationofwhosejurisprudenceisthecommonlaw,anditholdstrueinanespecialdegreeofAmerica。InotherEuropeancommunitiestheswayofnaturalrightspreconceptionsisnotsounmitigated,butevenwiththemthereisavisiblygrowingpredilectionforthenatural-rightsstandpointinallmatterstouchingbusinessrelations。Thedogmaofnaturallibertyispeculiarlyconducivetoanexpeditiousbusinesstrafficandpeculiarlyconsonantwiththehabitsofthoughtwhichnecessarilyprevailinanybusinesscommunity。

Thecurrentbodyofnatural-rightspreconceptionsantedatesthemodernbusinesssituation。Theschemeofnaturalrightsgrewupandfoundsecurelodgementinthecommonsenseofthecommunity,aswellaswithitslawgiversandcourts,underthedisciplineofthesmallindustryandpettytrade(“domesticindustry“)whosedevelopmentculminatedintheeighteenthcentury。(1*)Inindustrialmatterstheefficientandautonomousfactorinthedaysofthesmallindustrywastheindividualworkman,hispersonalforce,dexterity,anddiligence;similarlyinthepettytradeoftheprecapitalisticEnglishsituationthedecisivefactorwasthediscretionandsagacityofthesmallmerchantandpettyemployer,whostoodinthedirectpersonalrelationswiththeircustomersandtheiremployees。Insofarastradeandindustrywasnotrestrainedbyconventionalregulations,statutoryorcustomary,bothtradeandindustrywasineffectanopenfieldoffreecompetition,inwhichmanmetmanonasomewhatequablefooting。Whilethecompetitorswerenotonafootingofmaterialequality,theindustrialsystemwassufficientlyloose-jointed,ofasufficientlydiffusegrowth,tomakecompetitioneffectiveintheabsenceofmandatoryrestrictions。Thelikewillholdofthebusinessorganizationassociatedwiththesmallindustry。Bothtradeandindustryweremattersofpersonalefficiencyratherthancomprehensivelyorganizedprocessesofanimpersonalcharacter。(2*)

Naturalrights,astheyfoundtheirwayintotheconceptionsoflawandequity,wereineffecttheassumedequalrightsofmensosituatedonaplaneofatleastconstructiveequalitythattheindividualsconcernedwouldbeleftinapositionofeffectivelyfreechoiceifconventionalrestrictionsweredoneaway。Theorganizationwasnot,mechanically,aclose-knitone,inthesensethattheconcatenationofindustrialprocessesorofbusinesstransactionswasnotrigorouseitherinpointoftimerelationsorofthequantityandcharacteroftheoutputorthework。Neitherweretheplace,pace,circumstances,means,orhoursofworkcloselydeterminedfortheworkmanorhisemployerbymechanicalcircumstancesoftheindustrialprocessorofthemarket。Thestandardizationoflifeundertheoldregimewasofaconventionalcharacter,notofamechanicalkindsuchasisvisibleinthemorerecentdevelopment。Andthisconventionalstandardizationwasgraduallylosingforce。

Themovementofopiniononnatural-rightsgroundconvergedtoaninsistenceonthesystemofnaturalliberty,socalled。Butthisinsistenceonnaturallibertydidnotcontemplatetheabrogationofallconventionalprescription。“Thesimpleandobvioussystemofnaturalliberty“meantfreedomfromrestraintonanyotherprescriptivegroundthanthataffordedbytherightsofownership。Initseconomicbearingthesystemofnaturallibertymeantasystemoffreepecuniarycontract。“Libertydoesnotmeanlicense;“whichineconomictermswouldbetranscribed。

“Thenaturalfreedomoftheindividualmustnottraversetheprescriptiverightsofproperty。“Propertyrightsbeingincludedamongnaturalrights,theyhadtheindefeasibilitywhichattachestonaturalrights。Naturallibertyprescribesfreedomtobuyandsell,limitedonlybytheequalfreedomofotherstobuyandsell;withtheobviouscorollarythattheremustbenointerferencewithothers’buyingandselling,exceptbymeansofbuyingandselling。

Thisprincipleofnatural(pecuniary)libertyhasfounditsmostunmitigatedacceptanceinAmerica,andhasheretakenthefirmestholdonthelegalmind。Nowhereelsehasthesacrednessofpecuniaryobligationssopermeatedthecommonsenseofthecommunity,andnowheredoespecuniaryobligationcomesonearbeingtheonlyformofobligationthathastheunqualifiedsanctionofcurrentcommonsense。Here,asnowhereelse,doobligationsandclaimsofthemostdiversekinds,domestic,social,andcivil,tendtotakethepecuniaryformandadmitofbeingfullydischargedonamonetaryvaluation。Toagreaterextentthanelsewherepublicesteemisawardedtoartists,actors,pre

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