Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics

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"Essays examining the science behind markets in order to make ethical judgments. A clear understanding of fundamental concepts of economic science, such as profit, interest, and entrepreneurship, makes possible true statements about welfare economics, the morality of market transactions, and policy issues. From the impact of governmental regulation to the role of institutions in sustaining prosperity, this work shows that the free market is a necessary element in maintaining social harmony and bringing stability to the world"--