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Today you will meet the box.
The box is an orientation basis
• Orientation because we can use the box to get our bearings amid all the variety, confusion, and complexity of the world around us.
• Basis because the box is a foundation to build on to understand business and the other principal institutions of the modern world.
BOLD CLAIMS !! you say
•
Give us a chance to make our case.
• Then you be the judge.• Please wait a while before you answer the
question:• Does the “box” approach to understanding the
institutions of the modern world really make sense?
• But wait!! Another question:• What exactly is “the box” ? • We might start to answer by asking where it
comes from.
Where does the box come from?
• It comes from the legal framework of modern western economy and society.
• DO YOU REFER TO THE ROOTS OF MODERN WESTERN INSTITUTIONS IN ANCIENT ROMAN LAW ?
• Is that what you mean by “the legal framework of modern western economy and society” ???????????
Yes, we do.
Yes, it is.
In the year 533 a.d. a group of scholars convened by Emperor Justinian I
• Published a summary of Roman Law called “the Institutes”. In its introduction it declares three basic principles:
• 1. Honeste vivere.
• 2. Alterum non laedere.
• 3. Suum cuique tribuere.
• In 1688 the German jurist Samuel Pufendorf working in the Roman Law tradition that governed Europe added a fourth basic principle: 4. Pacta sunt servanda.
Translated into English and phrased to bring out their meaning
for our times
• 1. Respect the individual juridical subject.
• 2. There is a duty to refrain from harming others, but no duty to help others.
• 3. Respect property rights.
• 4. Human relationships organized by contracts.
That is the box.
THE FREE INDIVIDUAL
PROPERTY CONTRACT
NO DUTY TO HELP
One more question
• What does the box have to do with unbounded organization?
Suggested answer:
Organizing inside the box
Organizing outside the box
Unbounded organization