Download or read book Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics written by Israel M. Kirzner and published by Collected Works of Israel M. K. This book was released on 2019-01-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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"--