In a fragment of his Iuris Epitome, Hermogenian states that the origin of trade is due to ius gentium. It was one of the aspects of the transition from the state of nature to civil society, together with war, private property and the law of obligations. This reconstruction is not linked to the cynical-stoic conception of the law of nature. It rather corresponds to the Aristotelean theory that there is an essential diversity between "natural" exchange and commerce.
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