A new empirical field of research in economics shows that policies characterized by economic freedom produce economic growth. quot;Economic freedomquot; means such things as a small government, protection of private property, a well-functioning legal system, free competition and few regulations....

Introduction. -- Part I. Money and the market. -- The difference between markets and barter: money and the making of markets. -- Capital and the firm : the firm as the engine of the market process. -- Money and money creation in a two-stage banking system. -- Part II. Market and production. --...