The uncoerced, consensual exchanges of goods and services between individuals, antithesis of the State
See also:
  • FreedomPedia
  • A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly or other authority. It is a result of a need being, then the need being met. A free market contrasts with a regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or price fixing. In a free-market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises.

    Reference

    UpdFree Market, by Murray N. Rothbard, The Concise Encyclopedia of Economics, 1993
    Originally published in the The Fortune Encyclopedia of Economics; definition of the free market and some related terms, e.g., exchange, prices, demand, using lay examples
    "'Free market' is a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents. These two individuals (or agents) exchange two economic goods, either tangible commodities or nontangible services. ... Trade, or exchange, is engaged in precisely because both parties benefit; if they did not expect to gain, they would not agree to the exchange."
    Related Topic: Socialism

    Articles

    A Real Free Market Benefits Workers, by Sheldon Richman, Future of Freedom, Nov 2006
    Discusses arguments from both progressives and their antagonists as to whether workers are losing ground, in terms of inflation-adjusted incomes, and argues that the blame is not on the so-called free market
    "Considering that for a couple hundred years local, state, and federal governments in America have intervened in the economy largely in behalf of business interests, we may reply that whatever we call it, it is not a free market. If the outcome in recent years has been unfair (however that may be defined), then the blame is on government intervention. ... The corporate state, by design, inhibits competition and makes average workers worse off than they'd otherwise be. "
    Does the Market Commodify Everything?, by Thomas E. Woods, Jr., Mises Daily, 18 Sep 2006
    Contrasts the behavior of participants in a free market vs. the state's attitude towards those it considers its subjects
    "But is that ['commodify' everything] really what the market does? Murray Rothbard described the free market as simply 'the social array of voluntary exchanges of goods and services.' ... Rothbard was positioning 'power' and 'market' as antinomies. The market consists of voluntary transactions between willing parties; the state, or 'power,' introduces compulsion into human relations, bringing about coerced outcomes that people would not voluntarily have chosen."
    Do Greedy Spinach Merchants Want To Kill You?, by Llewellyn H. Rockwell, Jr., Mises Daily, 6 Oct 2006
    Comments on the September 2006 North American E. coli outbreak in spinach
    "At the first notice of problems, five different companies immediately announced a recall, as did merchants around the country. Baggers started shipping salad with greens other than spinach. ... This is one of the benefits of the information age, when word gets out to hundreds of millions in a matter of minutes. The response was a marvel of how markets can work. A valuable product said to bring health suddenly becomes a source of sickness and within hours, people not only stop eating it; it isn't even available for purchase!"
    Don't Do It, Google, by Llewellyn H. Rockwell, Jr., 2 May 2006
    Cautions Google not to take the rumoured action of asking the U.S. Justice Department and the European Commission to intervene to prevent Microsoft from setting their search engine as the default in a new version of their web browser
    "In a free society, producers enjoy the freedom to manage how their products are presented to the customer. ... But what if Microsoft still dominates the market with inferior technology? Here we must speak to a common myth about free markets. It is not the case that the best technology always wins. All we can say about free markets is that there is a tendency for the most economically suitable products to dominate the market over the long term."
    Related Topics: Government, Property Rights
    Freedom in Transactions, by Claude Frédéric Bastiat, 1848
    Contrasts how freedom of exchange causes vast numbers of provisions to arrive in Paris on a daily basis with what would happen if government were to direct these transactions
    "... eighty departments have been labouring today, without concert, without any mutual understanding, for the provisioning of Paris. How does each succeeding day bring what is wanted, nothing more, nothing less, to so gigantic a market? What, then, is the ingenious and secret power which governs the astonishing regularity of movements so complicated ... That power is an absolute principle, the principle of freedom in transactions."
    Related Topic: Government
    Free Market Thinking: Not Applicable, by Per Bylund, 12 Jun 2006
    Discusses how many libertarians associate themselves with right wing, conservative political positions overlooking one important fact
    "I've heard many libertarians agree with conservatives and other right wing politicians on economic issues – joining forces against the 'left.' I too argue low wages and poor working conditions are not necessarily problematic – in the free market. The wording is the same, but the argument is quite different. Those small words, in the free market, are most important because without them, the argument fails and is utterly false."
    Full Context, by Sheldon Richman, The Freeman, Apr 2006
    Explains why it is essential to be aware that the existing corporatist economy does not equate to the free market
    "What today is called rent-seeking, exploiting others through political means, was as common in earlier times as it is now. It was a rare business proprietor who favored laissez faire. ... Most business people were uninterested in moral philosophy, economic theory, and ideology. ... No knowledgeable champion of free markets will be surprised by any of this."
    Related Topic: Adam Smith
    Monopolies versus the Free Market, Part 1, by Gregory Bresiger, Future of Freedom, Sep 2006
    Contrasts state-backed monopolies or quasi-monopolies vs. regular businesses in a free market, with historical and current examples, and discusses antitrust laws
    "Market domination that has been achieved in the private sector through efficiency and consumer satisfaction is a phenomenon of a free-market economy. Even without any competition, such a business can never take customers for granted because of the possibility that new entrants will enter the marketplace to compete. Indeed, big, well-established companies with large market share must constantly strive to satisfy consumers."
    Mr. Bush, Mind Your Own Business, by Sheldon Richman, 21 Oct 2005
    Criticises George W. Bush's advice to Americans that they should drive less in order to conserve gasoline
    "The principal difference between the genuine marketeer and the phony is that the genuine marketeer ... understands that nothing compares to unfettered markets at (1) respecting freedom and (2) placing the division of labor and knowledge at the service of everyone in society. Part of this process involves the price system's dual constructive role of summoning greater supplies by offering entrepreneurs new chances for profit and encouraging consumers to economize."
    Related Topic: George W. Bush
    On Evil Acts, by Llewellyn H. Rockwell, Jr., Mises Daily, 19 Apr 2007
    In the wake of the 2007 Virginia Tech shooting, contrasts the typical mainstream and conservative responses to such acts of violence and suggests a third way
    "What we really need is a system of social organization and political management that creates the best possible environment for human thriving regardless of man's propensity toward evil. ... There is only one system of social organization that strives daily for a more perfect way of identifying the problem of evil, assessing its likelihood, and curbing it as much as humanly possible, and that is the competitive market economy rooted in the private ownership and control of property."
    Related Topics: Conservatism, Society, The State
    Pundit in Wonderland, by Sheldon Richman, 28 Sep 2007
    Critiques a Washington Post op-ed about the supposed increase in the "have-nots" in American society
    "We can expect the widest diffusion of wealth in a truly free market because government wouldn't be discouraging production or granting privileges to the well-connected. Working people, who often feel they are without economic power, would have maximum bargaining clout if government kept hands off. Clout comes from having alternatives, and government intervention reduces alternatives, including self-employment options."
    Synchronized Boom, Synchronized Bust: Bad U.S. monetary policy had global consequences, by Marc Faber, The Wall Street Journal, 18 Feb 2009
    Examines how the latest boom/bust cycle came into being and allegations that it was a "free market" failure
    "It is not that the free market failed. The mistake was constant interventions in the free market by the Fed and the U.S. Treasury that addressed symptoms and postponed problems instead of solving them. ... The best policy response would be to do nothing and let the free market correct the excesses brought about by unforgivable policy errors."
    Related Topic: Federal Reserve System
    Thank You ... for a Free Market, by Jacob G. Hornberger, 30 Jun 2006
    Explains why so often both parties to a commercial transaction express gratitude toward the other
    "The [subjective theory of value] is based on the following principle: In every economic exchange, each side gains because each side gives up something he values less for something he values more. ... An important corollary ... is that people's standard of living rises through the simple act of exchange. ... Thus, it stands to reason that the wider the ambit of opportunities to enter into economic exchanges with others, the easier it is for people to raise their standard of living."
    Related Topic: Labor
    The Free Market Is the High Road, by Bart Frazier, 2 Aug 2004
    Discusses how government regulations bear on countless areas, how regulation distorts free market prices and the benefits of deregulation, both financial and moral
    "Though the financial benefits of ending regulation are enormous, they are not the most important reason for freeing the economy. A free market is superior to a regulated one because individual liberty is the only moral foundation on which to base a society. ... The moral path is to let people live in peace so long as they do not violate the rights of others. This is the essence of a free-market society, it is the path to prosperity, and it is the only honorable way to live with one another."
    Related Topics: Government, Prices
    The Market Is a Beautiful Thing, by Sheldon Richman, The Howard Stern Radio Network, Jul 2013
    Explores whether most people's aversion to the market is aesthetic and explains the beauty in the dynamics of the (freed) market
    "The freed market is a political-legal setting in which people are at liberty to peacefully pursue their chosen plans. This activity generates, unintentionally, an undesigned order that facilitates cooperation and coordination among even distant strangers, making each person's pursuit more effective and efficient than otherwise."
    The Pope Dabbles in Economics, by Sheldon Richman, 20 Dec 2013
    Examines the economic premises of Pope Francis' 2013 apostolic exhortation Evangelii Gaudium
    "The pope's concern with the poor and excluded is well-placed. We should not tolerate their condition or its causes. But what the poor and excluded need are freedom and freed markets — really free markets, not 'the prevailing economic system' — so they may be liberated from the oppression that holds them back."
    The Ron Paul Revolution: A Lesson in Free Market Economics, by Jason Rink, 19 Sep 2007
    Discusses how the grassroots Ron Paul supporters demonstrate how an unfettered market works
    "The Ron Paul Revolution may end up being one of the great contemporary examples of the free market in action. It promotes personal sovereignty, and keeps power concentrated at the local level. It rewards creativity and excellence, and creates stability and diversity in the marketplace."
    Toying with the Free Market, by Sheldon Richman, Future of Freedom, Dec 1998
    Discusses the 1998 Toys "R" Us restructuring announcement and earlier disclosure that it had engaged in monopolistic practices
    "But if 'abusive practices' means practices that harm consumers, we can see that consumers are perfectly able to take care of themselves. When they (or their kids) decided that Toys 'R' Us did not keep pace with the new toy technology or that the stores were unpleasant, they went to Wal-Mart or Target instead. They didn't need anyone's prompting or permission. They didn't need to petition a government agency. They just found a store they liked better. That sounds like real power to me."
    Why Markets Are Dreaded, by Tibor R. Machan, 27 Apr 2007
    Insights on why higher education professionals contend they should not have to compete in the free market and instead governments should run colleges and universities
    "Markets are arenas wherein people exchange goods and services with one another, once they have freely reached agreement on terms. The market is, in other words, a place of voluntary commercial and professional interaction. ... Markets are free forums of trade and those in markets are free agents dealing on terms they can agree to."
    An Unstimulating Idea, by Sheldon Richman, 25 Jan 2008
    Examines the economic "stimulus" proposals being made by candidates and incumbent politicians
    "Those who are biased against freedom will proclaim that our economic problems show that the free market has failed. What free market? Do they mean the 'free' market which for ages and in myriad ways the government has straitjacketed and skewed on behalf of favored interests? We are in our present position because government has burdened us with taxes, spending, debt, regulations, subsidies, guarantees (to lenders, for example), trade restrictions, fiat money, and other impositions."
    Related Topics: Government, No Free Lunch
    Begrudging Another Battle of Ballot-Boxing, by Kenneth R. Gregg, 23 Nov 2006
    Explains how those seeking power through politics are led to compromise, even if they are members of a group espousing principles over expediency, and urges others not to ballot-box but instead vote in the marketplace and the social realm
    "In the marketplace, your choices and decisions are unanimously made. You and another party agree on a purchase price and sales price. You make the trade. That's it. ... Our social realm succeeds because we vote constantly in the marketplace for the goods and services which we need and desire. There is no plunder in our profit, only the produce of willing hands and hearts which we purchase and sell with the coin of the realm."
    Bourgeois Virtues?, by Deirdre N. McCloskey, Cato Policy Report, May 2006
    Offers an apologia (formal defense) of capitalism, in particular of the phrase "bourgeois virtues" as being neither a contradiction in terms nor a lie
    "A little farmers' market opens before 6:00 a.m. on a summer Saturday at Polk and Dearborn in Chicago. ... a woman walking her dog passes the earliest dealer setting up his stall ... The two people here are enacting a script of citizenly courtesies and of encouragement for prudence and enterprise and good relations between seller and buyer. Some hours later the woman is moved to buy $1.50 worth of tomatoes from him. But that's not the point. The market was an occasion for virtue, an expression of solidarity across gender, social class, ethnicity."
    Crushed by the Fed, by Glenn Jacobs, Future of Freedom, Jan 2008
    Discusses the role of the Federal Reserve in supposedly "controlling inflation and running the economy"
    "A free-market economy is based on mutually beneficial, voluntary exchanges. Since no one is forced to participate, all of the parties involved in an exchange expect that their exchange will benefit them in some way. On a large scale, the free market consists of millions of individuals making decisions about how to better their lives. In a free-market economy, the participants run the economy."
    Related Topic: Inflation
    Free-Market Socialism, by Sheldon Richman, 14 Nov 2014
    Counters the caricature of libertarians as hyperindividualists and explains the benefits that could be gained from truly freed markets
    "When the marketplace is really free and competitive (rather than constricted by the state to protect privileged interests), it is we collectively who decide who controls the means of production. We don't do this in the legal sense, for example, by literally expropriating the assets of some people and transferring them to others. Yet that's the effect of free competition and individual liberty."
    Related Topic: Libertarianism
    Gertrude B. Kelly: A Forgotten Feminist, by Wendy McElroy, The Freeman, Oct 1998
    Lengthy profile of Dr. Gertrude B. Kelly (1862–1934), Irish immigrant, individualist feminist and contributor to the Liberty periodical
    "Like most radical individualists of nineteenth-century America, Kelly viewed 'capitalism' as the major cause of poverty and social injustice. ... Although it sounds ironic to modern ears, Kelly—along with many other early individualist theorists—considered the free market to be a cure for capitalism. She considered voluntary cooperation, unregulated by anything but the laws of economics and the desires of individuals, to be the solution to this social injustice."
    In Defense of a Free Market in Health Care, by Robert D. Helmholdt, 16 Apr 2004
    Explains why government health care reforms will not improve the status quo, recommending instead complete deregulation of the industry and reliance on the free market
    "Oh, what a godsend it would be to restore a free market in health care and a two-party contractual agreement between doctor and patient, which is what the true doctor-patient relationship is: only if treatment is agreeable to each party and value is received in exchange for value is it likely that treatment will be efficient, effective, and cost-controlled. Restoring a free-enterprise, voluntary system to health care would produce the best health care at the least cost that the world has ever seen."
    Inequality of Wealth and Incomes, by Ludwig von Mises, The Freeman, May 1955
    Describes how attempts to equalize incomes and wealth lead to lowered standard of living for the masses and eventually to socialism
    "Profit and loss tell the entrepreneur what the consumers are asking for most urgently. And only the profits the entrepreneur pockets enable him to adjust his activities to the demand of the consumers. If the profits are expropriated, he is prevented from complying with the directives given by the consumers. Then the market economy is deprived of its steering wheel. It becomes a senseless jumble."
    Related Topics: Socialism, Capital Goods, Taxation
    Libertarianism in Ancient China, by Murray N. Rothbard, Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought - Volume I, 1995
    Excerpted from chapter 1, section 1.10 "Taoism in ancient China"; discusses the Legalist, Confucian and Taoist schools of political philosophy and then concentrates on the latter, covering Laozi, Zhuangzi, Bao Jingyan and the Confucian historian Sima Qian
    "Since Ch'ien thought very little of the idea of limiting one's desires, he was impelled, far more than the Taoists, to investigate and analyze free market activities. ... Furthermore, prices are regulated on the market, since excessively cheap or dear prices tend to correct themselves and reach a proper level. But if the free market is self-regulating, asked Ch'ien perceptively, 'what need is there for government directives, mobilizations of labor, or periodic assemblies?' What need indeed?"
    Related Topics: China, Government, Laozi, The State
    Murray Rothbard's Philosophy of Freedom, by David Gordon, The Freeman, Nov 2007
    Examines the arguments made by Rothbard from the premise that slavery is wrong, self-ownership, private property rights and a free market without government interventions follows
    "But Rothbard did not altogether distance himself from Mises's view that there can be a defense of the free market that rests on no controversial ethical assumptions. On the contrary, he extended it. In Power and Market, he contends that some types of interference with market can be rejected because they aim at a logically impossible goal. If a proposed ethical ideal cannot be realized, it must rationally be rejected. To accept this requires no adherence to a particular ethical view: it is a requirement of reason."
    On Equality and Inequality, by Ludwig von Mises, Modern Age, 1961
    Examines the premise that "all men are created equal" and some possible as well as purported conclusions
    "In the market, economic power is vested in the consumers. They ultimately determine, by their buying or abstention from buying, what should be produced, by whom and how, of what quality and in what quantity. The entrepreneurs, capitalists, and landowners who fail to satisfy in the best possible and cheapest way the most urgent of the not-yet-satisfied wishes of the consumers are forced to go out of business and forfeit their preferred position."
    Professor Ludwig von Mises Discusses Free Enterprise, La Prensa, 2 Jun 1959
    Translation of interview with Ludwig von Mises upon visiting Buenos Aires; discusses Mises' views on free enterprise, inflation, the policies of De Gaulle and Adenauer and the possibility of an Argentine economic recovery
    "The visitor told us he 'deeply believes in the benefits of free enterprise,' and considers that 'only a free-market economy can resolve the problems of the current world, at the national as well as in the international level, including — he added — the question of peace between nations.' Dr. Mises insisted that 'most international conflicts could be eliminated by the general acceptance of the principles of free trade and the conditions of a free economy.'"
    Socialism and Medicine, Part 2, by William L. Anderson, Future of Freedom, Jun 2008
    Examines the economics of medical care in the United States, including the influence of third-party payers and comparisons to medical care in Canada
    "This is the world of insurer-led medical care that Moore calls 'free-market.' It clearly is not. American medical care is heavily regulated on all fronts, and is dominated by third-party payers who are under pressure to keep from giving away the store. (That includes government payers and providers of medical care, which also face real cost constraints and often are stingier than private insurers.)"
    Socialism and Medicine, Part 3, by William L. Anderson, Future of Freedom, Jul 2008
    Further examination of medical care in the United States, analyzing the calls for "mandates" for universal health care
    "There is one thing to remember that is very, very important when speaking of free markets: they are entities that are free of coercion. We often fail to remember that free markets are called such precisely because they involve voluntary and consensual behavior on behalf of the individuals involved in those exchanges."
    Related Topic: Health Care
    Socialized Medicine in a Wealthy Country, by Llewellyn H. Rockwell, Jr., Mises Daily, 2 Dec 2006
    Discusses the view of socialised medicine held by left-socialists, examining the problems that existed in Soviet-controlled countries as well as current U.S. problems, and urges for a "complete separation of health and state"
    "... fortunately the market – meaning innovating and cooperating human beings – seems to find a way around the problems that government has created. This is nowhere more true than in the medical sector. It is thanks to the market that there is more medical information available today than ever before in history, more life-saving techniques, more access to services, and more choice."
    Stiglitz is Wrong on Government, by Michael S. Rozeff, Mises Daily, 6 Sep 2006
    Criticises the 1986 Bruce C. Greenwald and Joseph E. Stiglitz paper "Externalities in Economies with Imperfect Information and Incomplete Markets", which posits that certain government interventions "can make everyone better off"
    "The real economic questions concerning externalities are why they arise, how they relate to property rights, what to do about them, or when it pays for interested parties to do something about them. In a sense, they are no different than any other kind of inefficiency. Therefore, the presumption is that free exchanges can address the perceived costs and benefits associated with them whereas government is ill-suited to the task."
    The Abstract Concept of Human Liberty, by Robert LeFevre, The Freeman, Dec 1982
    Discusses how people may be interested in other people, events or things but only a few are interested in ideas, and how each group of people tends to view liberty from those perspectives
    "Those thinking at [the level of things] usually forget that a free market has its merit because the customer is king. And, as customers rule, it is customer choice that finally determines who will profit and who will lose. A free market is a profit and loss system, with only the customers making the final decision. ... Here are often found those businessmen who speak from both sides of their mouths. They favor a free market until they face effective competition."
    The Great Thanksgiving Hoax, by Richard J. Maybury, The Free Market, Nov 1985
    Describes what really happened to the Mayflower pilgrims (and also at Jamestown) by relying on governor William Bradford's History of Plymouth Plantation
    "[Bradford] gave each household a parcel of land and told them they could keep what they produced, or trade it away as they saw fit. In other words, he replaced socialism with a free market, and that was the end of the famines. ... Then the Jamestown colony was converted to a free market, and the results were every bit as dramatic as those at Plymouth. ... Before these free markets were established, the colonists had nothing for which to be thankful."
    Related Topics: Thanksgiving, Socialism
    The League and Sir Robert Peel, by Richard Cobden, 15 Jan 1846
    Speech to the National Anti-Corn-Law League, discussing their work over the past seven years and predicting immediate repeal of the Corn Laws in the upcoming session of Parliament
    "... let the Corn Law be abolished instantly; let foreigners see what the English market is in its natural state, and then they will be able to judge from year to year and from season to season what will be the future demand from this country for foreign corn. There will be no extravagant estimate of what we want - no contingency of bad harvests to speculate upon. The supply will be regulated by the demand, and will reach that state which will be the best security against both gluts and famine. Therefore, for the farmer's sake, I plead for the immediate abolition of this law."
    Related Topic: Free Trade
    The Many Monopolies, by Charles W. Johnson, 24 Aug 2011
    Describes four ways in which markets are distorted by government interventions, explains Tucker's "Four Monopolies", examines five present-day monopolies and discusses Tucker's libertarian views
    "We libertarians defend economic freedom, not big business. We advocate free markets, not the corporate economy. And what would freed markets look like? Nothing like the controlled markets we have today. But how often do we hear mass unemployment, financial crisis, ecological catastrophe, and the economic status quo attributed to the voraciousness of 'unfettered free markets'? As if they were all around us! The crises laid at the feet of laissez faire are the crises of markets that are nothing if not fettered."
    What Is the Enemy?, by Sheldon Richman, Future of Freedom, Apr 2006
    Discusses why corporatism, mercantilism and Big Business are the chief opposition to libertarianism and truly free markets
    "Consumers are fickle and unpredictable. They might have bought from Kmart yesterday, but that's no guarantee they will do so today, and they need not give notice of their intention to shop elsewhere. In a truly free market new products and services are always appearing, making dominant products passé. This is also true for the production of capital goods and for services. Thus under laissez faire, without government-bestowed privilege, market share is never guaranteed."
    Related Topic: Socialism
    Who Owns the Internet?, by Tim Swanson, Mises Daily, 4 May 2006
    Explains how and why "net neutrality" proposals came about, monopolistic tendencies, comparisons to natural resources and others held in common, and how variable pricing has been used elsewhere to solve similar problems
    "Many users mistakenly believe that the current radio spectrum and telecom regime is the product of the free-market. It is not. The FCC did not create the radio spectrum nor does it have some homesteading claim to the near-infinitesimal ranges found within it. It is, simply, a bureaucratic sophistry, which oddly enough believes it can distribute something it does not own."
    Why Do Intellectuals Oppose Capitalism?, by Robert Nozick, Cato Online Policy Report, Jan 1998
    Posits that "wordsmith" (as opposed to "numbersmith") intellectuals often resent capitalism because the market society does not reward them as their schooling did
    "Apart from the gifts, inheritances, and gambling winnings that occur in a free society, the market distributes to those who satisfy the perceived market-expressed demands of others, and how much it so distributes depends on how much is demanded and how great the alternative supply is. ... [In the] wider market society, ... the greatest rewards did not go to the verbally brightest. There the intellectual skills were not most highly valued."
    Related Topics: Capitalism, Society
    Winning the Battle for Freedom and Prosperity, by John Mackey, Liberty, Jun 2006
    Updated from speech given at FreedomFest 2004; after a brief background on himself, Mackey criticises the freedom movement from a marketing and branding perspective and suggests a different approach by de-emphasising some issues and prioritising others
    "I believe that business has a much greater purpose. Business, working through free markets, is possibly the greatest force for good on the planet today. ... The freedom movement has also poorly defended the social legitimacy of both business and free markets. A new paradigm for business and the free market is necessary — one that accepts the importance of profits, of course, but also one that recognizes that business has legitimate social responsibilities that go far beyond merely maximizing profits."

    Cartoons and Comic Strips

    It Was Either Him or Me, by Glenn McCoy, 1 Feb 2009

    Books

    Free Markets Under Siege: Cartels, Politics and Social Welfare
        by Richard A. Epstein, 2003
    Contents: Modern Justifications for Classical Liberalism - Between Socialism and Libertarianism - Competition and Cartels - Agricultural Markets, Protectionism, and Cartels - Cartels in Labor Markets - The Importance of Getting the Easy Cases Right
    Markets Not Capitalism: Individualist Anarchism Against Bosses, Inequality, Corporate Power, and Structural Poverty
        by Gary Chartier (editor), Charles W. Johnson (editor), 5 Nov 2011
    Partial contents: The Problem of Deformed Markets - Ownership - Corporate Power and Labor Solidarity - Inequality and Social Safety Nets - Barriers to Entry and Fixed Costs of Living - Freed-Market Regulation: Social Activism and Spontaneous Order
    The Adventures of Jonathan Gullible: A Free Market Odyssey
        by Ken Schoolland, 1988
    Partial contents: A Great Storm - Troublemakers - A Commons Tragedy - The Food Police - Candles and Coats - The Tall Tax - Best Laid Plans - Two Zoos - Making Money - The Dream Machine - Power Sale - Opportunity Lost - Helter Shelter - Escalating Crimes
    The Free Market and Its Enemies: Pseudo-Science, Socialism, and Inflation
        by Ludwig von Mises, Richard M. Ebeling (Introduction), Foundation for Economic Education, 2004
    Based on lectures delivered in 1951; partial contents: Economics and Its Opponents - Pseudo-science and Historical Understanding - Acting Man and Economics - Marxism, Socialism, and Pseudo-science - Capitalism and Human Progress - Money and Inflation

    Videos


    The Power of the Market, by Milton Friedman, 1980
    Volume 1 of the PBS "Free to Choose" series. "Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Friedman visits Hong Kong, U.S. and Scotland."

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