A Guide to Understanding Securities Fraud
Justice Wex Lii Legal Information Institute
Hugo Grotius, the founder of a purely rationalistic system of pure law, argued that law arises from both a social impulse—as Aristotle had indicated—and reason. Immanuel Kant believed an ethical crucial requires legal guidelines “be chosen as though they should maintain as universal laws of nature”. Jeremy Bentham and his student Austin, following David Hume, believed that this conflated the “is” and what “must be” problem Law news. Bentham and Austin argued for law’s positivism; that actual law is entirely separate from “morality”. Kant was additionally criticised by Friedrich Nietzsche, who rejected the principle…
