From the Greek paideia, meaning "education" or "child-rearing" (from paidos meaning "child"), FreedomPedia aims to educate others, children or adults, about freedom (eleutheria, in case you were wondering) and a variety of freedom-related topics. The main goal is to document how the Voluntary Society has worked in the past, works in the present and will continue to work and generally benefit all its participants in the future. A secondary objective is to contrast how the Coerced Society fails to benefit but a few of its members.
Today's Featured Article
- Market economy:
In economics, a free market is an idealized 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. Proponents of the concept of free market contrast it with a regulated market, in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and protect the economy. In an idealized 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.