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A Real Free Market Benefits Workers, by Sheldon Richman, Freedom Daily, Nov 2006
"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." |
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." |
| Freedom in Transactions, by Claude Frederic Bastiat, 1848 |
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Full Context [PDF], by Sheldon Richman, The Freeman: Ideas on Liberty, Apr 2006
Related Topic: Adam Smith
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." |
Monopolies versus the Free Market, Part 1, by Gregory Bresiger, Freedom Daily, Sep 2006
"Access to the company's products at below-market prices are a boon for consumers, many of whom presumably would be unable to buy the products without the company's aggressive pricing strategies. Moreover, how can the regulators know whether cost cutting, expanding market share, or even attempting to 'corner the market' is the actual goal of the company?" |
Mr. Bush, Mind Your Own Business, by Sheldon Richman, 21 Oct 2005
Related Topic: George W. Bush
"The test of a free-market advocate is how he reacts during a sudden fall in supply of a widely used product. The phony is easily spotted. He's the one urging conservation and, perhaps, positive government measures to increase supply. In contrast, the genuine marketeer looks for the ways government intervention is stifling entrepreneurship. " |
On Evil Acts, by Llewellyn H. Rockwell, Jr., Mises.org Daily Article, 19 Apr 2007
"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." |
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." |
Thank You ... for a Free Market, by Jacob G. Hornberger, 30 Jun 2006
"Have you ever noticed how often both sides to an economic transaction say, 'Thank you' to each other? ... Why is this so? ... The reason has to do with what is called the subjective theory of value ... 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." |
The Free Market Is the High Road, by Bart Frazier, 2 Aug 2004
"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 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, Freedom Daily, Dec 1998 |
What Is the Free Market?, by Murray N. Rothbard, The Fortune Encyclopedia of Economics, 1993
Related Topic: Socialism
"The 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." |
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
Related Topics: Government, No Free Lunch
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." |
Crushed by the Fed, by Glenn Jacobs, Freedom Daily, Jan 2008
Related Topics: Inflation
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." |
| Books |
The Adventures of Jonathan Gullible: A Free Market Odyssey
by Ken Schoolland, 1988 |
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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 |
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| 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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