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The Romans accepted and applied a concept of the certainty of the law that could be described as meaning that the law was never to be subjected to sudden and unpredictable changes. Moreover, the law was never to be submitted, as a rule, to the arbitrary will or to the arbitrary power of any legislative assembly, or of any one person, including senators or other prominent magistrates of the state. This is the long-term concept, or, if you prefer, the Roman concept, of the certainty of the law [as opposed to the short-term concept of the law intended purely as a written formula, enacted by a legislative body]. This concept was certainly essential to the freedom that Roman citizens usually enjoyed in business and in all private life.
 
Leoni, Bruno
Freedom and the Law
1961 , p. 84

 

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"A catallaxy is thus the special kind of spontaneous order produced by the market through people acting within the rules of the law of property, tort and contract".F. A. von Hayek, Law Legislation and Liberty (London, 1982), Vol. 2 (1976), pp. 108-109.