Article

Law and Business

Gregory C. Shaffer

in The Oxford Handbook of Business and Government

Published in print February 2010 | ISBN: 9780199214273
Published online May 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199214273.003.0004

Series: Oxford Handbooks in Business and Management

 Law and Business

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This article puts business center stage as a means to understand law. Law consists of systems of rules, standards, and procedures that social institutions create and apply. These social institutions may be public or private. The rules, standards, and procedures that they create provide a framework in which business strategizes and operates. Business, in turn, uses law as a resource to advance and defend business aims. This article assesses the reciprocal interaction of business and law. Law helps constitute business by recognizing business organizational forms, and business helps constitute law.

Keywords: law and business; social institutions; business strategies; organizational forms; constitutional law; systems of rule

Article.  12141 words. 

Subjects: Business and Management ; Business and Government ; Public Management and Administration

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