Difference between revisions of "Free Market"
From Critiques Of Libertarianism
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[[Category:Libertarian Propaganda Terms]] | [[Category:Libertarian Propaganda Terms]] | ||
| − | + | [[Category:Economics]] | |
| − | {{DES | des = "Free Market" is a propaganda term, by which libertarians actually mean '''unregulated markets'''. Free markets cannot exist: they are an ideal model in economic theory. The vast majority of uses of "free market" are actually about real, regulated, imperfect markets, which are very little like free market models. Truly free markets would include markets for anything, including murder, and require perfect information and perfect competition. | + | {{DES | des = "Free Market" (for libertarians) is a propaganda term, by which libertarians actually mean '''unregulated markets'''. Free markets cannot exist: they are an ideal model in economic theory. The vast majority of uses of "free market" are actually about real, regulated, imperfect markets, which are very little like free market models. Truly free markets would include markets for anything, including murder, and require perfect information and perfect competition. I recommend "'''unregulated market'''" instead of the [[Libertarian Propaganda Terms|propaganda term]] "free market".| show=}} |
(See [[Free Market Theory]] for the economic theory.) | (See [[Free Market Theory]] for the economic theory.) | ||
