Applied analysis of the legal and economic context of freedom of contract – A case study

Abstract This paper examines a civil law legal institution, contractual freedom, from an economic perspective in connection with economic freedom. The paper investigates the following cases, as the economic freedom of a given national economy is measured in four main areas: the size of government, legal system and property rights, sound money, freedom to trade internationally and regulation of credit, labour markets and business life. In the Economic Freedom of the World 2022 Annual Report, Hungary ranked 55th in the global ranking with an overall score of 7.12, compared to 44th in 2000, with a score of 7.03. Neither the change in score nor the ranking is significant. However, the fact that the country has fallen further behind in this international ranking is not encouraging.