In the mainstream economics perspective, the role of the law is to:

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In the mainstream economics perspective, the main role of the law is to protect individual freedoms that are necessary for competition, such as property rights. This is based on the belief that a free market will lead to an optimal allocation of resources and maximize social welfare. Other options, such as protecting worker income security, protecting employers from employee pressure, and prohibiting abuses of labor by management, may be seen as interfering with the free market and distorting economic incentives.

In the Mainstream Economics Perspective, the Role of the Law