While the legal system in a mixed-economy society is a complex muddle of laws, which cannot be navigated without a phalanx of high-priced attorneys, the law in a free society can be summed up in one simple principle (cf. p. 5.2:61):

No one may initiate force (including fraud) against others.

Although a few complexities arise in applying this principle to certain special cases, some of which will be treated near the end of this course, by and large the law in a free society is easily understood and predictable. It therefore commands greater respect and is more readily obeyed by most individuals, so that criminal aggression becomes much more rare and the free market is thus more effectively preserved.     Next page

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