The Significance of Legal Philosophy in Contemporary Business Law
Bridging Ethical Foundations with Corporate Governance
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This essay examines the intricate relationship between legal philosophy and business law, exploring how philosophical concepts and methodologies contribute to the development, interpretation, and application of legal frameworks in the commercial sphere. Through a brief analysis of fundamental principles, ethical considerations, legitimacy issues, and emerging challenges, this article demonstrates the indispensable role of legal philosophy in shaping a just and efficient business law system.
Legal philosophy, a subdiscipline of philosophy, engages with the foundational inquiries concerning law and justice. It analyzes the ontological nature of law, its epistemological foundations, and its axiological relationship to morality and ethics. In the domain of business law, which establishes the juridical parameters for economic activities, legal philosophy assumes a position of paramount importance. This essay aims to elucidate the contemporary relevance of legal philosophy in business law through a multidimensional analysis.
