An economy where individuals own property and engage in the exchange of goods and services. Exchange is voluntary and takes place between two parties. A pure, free market economy that excludes all economic intervention by the government, both in the form of regulation of and subsidies to business, has never existed.
Steve Horwitz - Regulation and Intervention
Paul Cwik - Problems and Prices
SEPTEMBER 12, 2012 by CHUCK GRIMMETT
OCTOBER 04, 2011 by TSVETELIN M. TSONEVSKI
APRIL 01, 2011 by NICHOLAS SNOW
JUNE 24, 2010
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