The Philosofical and Economical Fundations of the Free Market

Munteanu Ligia ()
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Munteanu Ligia: „Alexandru Ioan Cuza” Univerisity of Iasi, Doctoral School of Economics

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1449-1452

Abstract: 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.

Keywords: free market; institutions; economic freedom; property rights. (search for similar items in EconPapers)
JEL-codes: B15 B53 K11 K12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:1449-1452

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