How do you define free market economics?
Posted 09 October 2011 - 08:56 PM
A free-market economy is one within which all markets are unregulated by any parties other than market participants. In its purest form, the government plays a neutral role in its administration and legislation of economic activity, neither limiting it (by regulating industries or protecting them from internal/external market pressures) nor actively promoting it (by owning economic interests or offering subsidies to businesses or R&D).
I think, while simplified, this is the true meaning of a free market.
In your own words, how would you define free market economics?
DO you believe it is a good or bad thing?
Posted 10 October 2011 - 12:36 AM
Posted 10 October 2011 - 12:39 AM
Posted 10 October 2011 - 12:31 PM
Posted 10 October 2011 - 03:02 PM
Free market has existed in the past. In us history no less...Industry regulation isnt free market either.
How did the course of free markets in the US pan out?
Posted 10 October 2011 - 04:00 PM
Ic planning could stabilize prices and curtail natural eco diwnturns. The very things the central banking. Idea has exacerbated.
Posted 10 October 2011 - 04:21 PM
Let me know if you have an interest in it and I will send it to you.
Posted 15 October 2011 - 10:53 PM