In 1950s, Free China was a most important political magazine in Taiwan. Its searching for democracy and liberty, and its political thought about anti-authority have been paid a lot of attention. However, the economic thought of Free China had also made great achievement and showed valuable time spirit. For a long time, the economic thought of Free china hasn't been paid attention it deserved, so the thesis tries to explore its characteristics, searching process, and themes about free economy, in order that we can take a new look at its important value and meaning.