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The Philosofical and Economical Fundations of the Free Market

Author

Listed:
  • Munteanu Ligia

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

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.

Suggested Citation

  • Munteanu Ligia, 2011. "The Philosofical and Economical Fundations of the Free Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1449-1452, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1449-1452
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    More about this item

    Keywords

    free market; institutions; economic freedom; property rights.;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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