The Philosofical and Economical Fundations of the Free Market

The free market represents the most efficient economic system, in resource allocation, trade groth and social development. A liberal economy is not based only on economic aspects, but includes all social phenomena of a nation. The free market depends on a proper framework, based on the rule of law, property rights, liberty of individual chioce. This paper will analize the philosophical and economical elements that offer the context for economic freedom.

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Year of publication:	2011
Authors:	Ligia, Munteanu
Published in:	Ovidius University Annals, Economic Sciences Series. - Facultatea de Ştiinţe Economice, ISSN 1582-9383. - Vol. XI.2011, 1, p. 1449-1452
Publisher:	Facultatea de Ştiinţe Economice
Subject:	free market \| institutions \| economic freedom \| property rights

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Extent:	application/pdf
Type of publication:	Article
Classification:	K11 - Property Law ; K12 - Contract Law ; B15 - Historical; Institutional ; B53 - Austrian
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010632077