Freedom, Capitalism and Human Behavior Chapter 3: Applications of the Jensen Meckling Concept of Freedom
20 Pages Posted: 19 Oct 2005 Last revised: 18 May 2013
Date Written: June 30, 1999
The discussion in Chapter 1 provides a useful general introduction to the subject of freedom. We continue in this chapter to analyze the details of applications of the Jensen-Meckling definition of freedom. We begin by addressing the following question: Why are the constraints that restaurant owners impose when they are given decision rights not themselves violations of freedom?
Keywords: freedom, capitalism, concept of freedom, rights, markets, freedom of exchange, freedom of expression, politics and freedom, Constitution
JEL Classification: A00, H00, K00
Suggested Citation: Suggested Citation