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AbstractSometimes a phrase was added to the economic doctrine of the Physiocrats laissezfaire, laissez passer (leave things alone, let goods pass through). The added phrase: lemonde va de lui même (the world goes by itself) suggested the social theory of(economic) freedom behind the slogan. In the paper we look at this social theory fromtwo perspectives. (1) the necessary moral foundations of economic freedom. Themarket process rests on the nonmarket generated (moral) institution of especially theright to private property. And (2) the amorality of economic freedom. The marketprocess it self rests on self-interested behavior and as such is amoral. It emphasizesthe manner in which hitherto overlooked opportunities for market gains come to beperceived.Key words: History of economic thought (individuals), capitalistic systems, relationof economics to social values, Austrian economicsJEL. code: B31, P10, A13, B53.2

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