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History and Geography : Economics : Is Freedom Really a Good Thing? Is it because of lack of freedom or because of overabundance that the market economy runs out of control and democracy fails? Ancient Giri Europe, Ancient Rome, Middle Ages Shea, Western Europe during the Enlightenment period, and modern Japan. From an economist's point of view, they freely move back and forth between the history and ideas of the East and the West, asking about the ideal way of freedom as a political and economic system.