JUSTICE AND ECONOMIC ACTIVITY
JUSTICE AND ECONOMIC ACTIVITY

Summary/Abstract: The countries that have achieved the greatest material prosperity are those that have enjoyed freedom of initiative, freedom of association, freedom of labor, and freedom to use and trade acquired property. Economic freedom is an inseparable part of individual freedom, together with political freedom and civil liberty. It is true that the free initiative of individuals is the first key to progress, but institutions cannot be absent. Institutions are important because we need rules to regulate, for the benefit of all, the activity of individuals and companies, and an authority to enforce them.

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