Legal Theory

Business, Legal & Accounting Glossary

Definition: Legal Theory

Full Definition of Legal Theory

The primary purpose of the legal theory is to define law. There have been several theories of law. These different theories often look at law from various points of view.

According to the Natural law theory, There are objective principles, which depend on the essential nature of the universe, and which can be discovered by natural reason. From the point of view of the ordinary human being, law is only true law so far as it conforms to these fundamental rights. According to this theory, there are certain objective and absolute principles of morality and justice which are the basis of law. These principles can be ascertained by human which are the basis of law. These principles can be ascertained by human reason and common sense. Positive law, it man-made law, has to conform to these fundamental principles. To the extent positive law is inconsistent with the principles of natural law, it does not claim obedience.

The roots of this theory are to be found in the philosophies of the ancient Greek philosophers. This theory is also responsible for much of the legal and political thinking of the middle ages. As Bodenheim rightly remarks, No other philosophy moulded and shaped American thinking and American institutions to such an extent as did the philosophy of natural law in the form given to it in the seventeenth and eighteenth centuries.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Legal Theory. Payroll & Accounting Heaven Ltd. September 28, 2021
Chicago Manual of Style (CMS):
Legal Theory. Payroll & Accounting Heaven Ltd. (accessed: September 28, 2021).
American Psychological Association (APA):
Legal Theory. Retrieved September 28, 2021, from website:

Definition Sources

Definitions for Legal Theory are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th March, 2020 | 10 Views.