1. LEGALITY, MORALITY, AND ECONOMICS
Ronald F. White, Ph.D.
Professor of Philosophy
College of Mount St. Joseph

2. LEGALITY Good Citizen Rule of Law v. Rule by Decree Laws of the State
Purpose of the State
Personal Security
Economic Security
Enforcement of Laws by the State
Legal Sanction
Reward
Punishment

3. Morality Good Person Moral Rules (Laws) Enforcement by Society
Moral Sanction
Praise and Blame

4. Economics A Social Science Persons and Property
Distribution of Property in Society
Patterned Distribution
Unpatterned Distribution
Self-Interest
Buyers and Sellers
Contracts
Laws of Supply and Demand
Markets
Perfect Information-
Perfect Freedom-
Perfect Competition-
Monopolies
Natural Monopolies
Artificial Monopolies