“…North's historic institutional economic research is exemplary in that it shows that outcomes like economic growth (the "wealth of nations"; "public good") in a market economy rely on the establishment of constitutional and institutional-legal structures that frame a market economy system (North, 1990;North and Thomas, 1973;North and Weingast, 1989;also, Buchanan, 1975also, Buchanan, , 1976also, Buchanan, , 1987aalso, Buchanan, , 1987bBuchanan and Tullock, 1961;Williamson, 1985Williamson, , 1996Williamson, , 2000in degrees, also Friedman, 1962). Smith had already offered many insights in these regards (Khalil, 2002;Reisman, 1998;Viner 1927;Wagner-Tsukamoto, 2013), namely that the mutual gains program of the market economy, as discussed above, is to be supported through a framework that sets guidelines and constraints for those who interact on markets. This understanding brings an explicit, normative ethical dimension to Carroll's idea of legal responsibilities.…”