In free markets, voluntary interaction makes up the economy’s structure, allowing for little to no state regulation and thus mutually beneficial trade.
Robert J. Smith introduces the idea of free market environmentalism: an approach to environmental conservation that advocates the private ownership of resources.
“There’s a [market] demand…for the kind of wilderness conservation the government would like us to believe is only possible through public ownership of land.”
I am Jack’s being-for-itself.
Markets are impersonal, but the social networks that develop inside markets are personal. Freedom within these networks is a crucial aspect of a free market.
Wikipedia is collaborative, diverse and peaceful. In the internet age, it encapsulates the concepts of spontaneous order and free markets.
Free trade allows for goods and services to move freely across borders. As a free system, it is the best way to distribute resources to those that value them most.
Many libertarians argue that though market failures exist, private solutions still work more effectively than government intervention.
An examination of why markets inherently promote ethical behavior.
The black market refers to those markets involving extra-legal organizations and paths for the trade of goods and services.
This essay examines the important role culture plays in markets.
The market process makes entrepreneurs. Entrepreneurs don’t only come from the elite.
In this entry, Alexander Volokh examines how externalities are generated in the market and questions the assumption that government should act because of them.
When the government uses price controls to influence the affordability of products, shortages or surpluses occur - often making the problem worse.