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Free Market

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

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ARCHIVE

Vision

AUGUST 03, 2009 by LEONARD E. READ

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THE CALLING

Free Markets Are a Woman's Best Friend

The overlooked source of liberation.

MAY 03, 2012 by STEVEN HORWITZ

Although it rarely gets the credit, capitalism liberated women from centuries of second-class citizenship.

THE CALLING

Diversity and the Free Market

Guess what diversifies humanity.

FEBRUARY 05, 2010 by STEVEN HORWITZ

If the supporters of diversity really mean it, they should be much more supportive of markets than they generally are.

IT JUST AIN'T SO

The Free Market Is Failing?

This Reaction to Economic Bad News Is as Old as Capitalism Itself

DECEMBER 01, 2008 by STEVEN HORWITZ

Related Multimedia

MULTIMEDIA - VIDEO

Entrepreneurship and Market Process

FEBRUARY 14, 2011

MULTIMEDIA - AUDIO

Entrepreneurship and Market Processes II

JULY 18, 2010

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Individual Liberty, Free Markets and Peace

JUNE 24, 2010

MULTIMEDIA - VIDEO

Morality and the Market

MARCH 18, 2010

MULTIMEDIA - VIDEO

Capitalism vs. the Free Market

MARCH 03, 2010

ONLINE EVENTS

FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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