BEGINNER

Free Market

MARCH 01, 2013

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

Related Freeman Articles

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

ARTICLE

Labor's "Right to a Free Market"

APRIL 27, 2007 by SHELDON RICHMAN

No issue is more contentious in labor relations than the Employee Free Choice Act.This bill, now pending in Congress, would require the National Labor Relations Board(NLRB) to recognize a union when "a majority of the employees in a unit appropriate for bargaining has signed valid authorizations."Under current federal law, an NLRB-supervised election must be held and amajority must vote by secret ballot for the union before it becomes government-certified. Theunion-backed EFCA would presumably make it easier to establish a union in acompany, but opponents say worker intimidation would beencouraged with an open card-signing process versus a secret-ballot election. What should free-market advocates say about this controversy? More . . .

A NEW article by Sheldon Richman



FROM THE PRESIDENT

Globalization and Free Trade

Free Trade Is the Path to a Bright Economic Future

APRIL 01, 2004 by RICHARD EBELING

PERSPECTIVE

A Powerful Case for Free Trade

Trade Extinguishes War, Eradicates Prejudice, Diffuses Knowledge

JUNE 01, 1996 by HENRY GEORGE

ARTICLE

The Free Market Works Fine, Except . . .

Government Failure Is at the Root of the Health Care Crisis

SEPTEMBER 01, 1994 by MARK SKOUSEN

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 out 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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