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Author: tata Date: Jan 2, 2008 14:35
It seems there are ongoing debates about "free market" economics, but
very little agreement about what actually constitutes a free market.
So what is it that makes a market "free"? What are the necessary and
sufficient conditions for a free market?
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Author: Michael GordgeMichael Gordge Date: Jan 2, 2008 14:45
On Jan 3, 7:35 am, ta nc.rr.com> wrote:> It seems there are ongoing debates about "free market" economics, but
> very little agreement about what actually constitutes a free market.
>
> So what is it that makes a market "free"? What are the necessary and
> sufficient conditions for a free market?
Check your premises. e.g. define free, define market, the answer lies
right there.
MG
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Author: tata Date: Jan 2, 2008 14:54
On Jan 2, 5:45 pm, Michael Gordge xtra.co.nz> wrote:> On Jan 3, 7:35 am, ta nc.rr.com> wrote:
>>> It seems there are ongoing debates about "free market" economics, but
>> very little agreement about what actually constitutes a free market.
>
>> So what is it that makes a market "free"? What are the necessary and
>> sufficient conditions for a free market?
>
> Check your premises. e.g. define free, define market, the answer lies
> right there.
>
> MG
How bout this -- does everyone agree to this definition:
"A free market is a market in which prices of goods and services are
arranged completely by the mutual consent of sellers and buyers. By
definition, in a free market environment buyers and sellers do not
coerce or mislead each other nor are they coerced by a third party."
http://en.wikipedia.org/wiki/Free_market
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Author: Michael GordgeMichael Gordge Date: Jan 2, 2008 15:07
On Jan 3, 7:54 am, ta nc.rr.com> wrote:> On Jan 2, 5:45 pm, Michael Gordge xtra.co.nz> wrote:
>>> On Jan 3, 7:35 am, ta nc.rr.com> wrote:>
>>> It seems there are ongoing debates about "free market" economics, but
>>> very little agreement about what actually constitutes a free market.
>
>>> So what is it that makes a market "free"? What are the necessary and
>>> sufficient conditions for a free market?
>
>> Check your premises. e.g. define free, define market, the answer lies
>> right there.
>
>> MG
>
> How bout this -- does everyone agree to this definition:
>
> "A free market is a market in which prices of goods and services are
> arranged completely by the mutual consent of sellers and buyers. ...
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Author: Les CargillLes Cargill Date: Jan 2, 2008 15:25
ta wrote:
> It seems there are ongoing debates about "free market" economics, but
> very little agreement about what actually constitutes a free market.
>
> So what is it that makes a market "free"? What are the necessary and
> sufficient conditions for a free market?
I don't know that anybody has actually improved on Adam Smith - free
market is absence of government subsidy.
--
Les Cargill
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Author: (David P.)(David P.) Date: Jan 2, 2008 15:37
Les Cargill cfl.rr.com> wrote:>
> I don't know that anybody has actually
> improved on Adam Smith - free market is
> absence of government subsidy.
When you allow _one_ subsidy, you
create a slippery slope to a flood of 'em!
.
.
--
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Author: no surrenderno surrender Date: Jan 2, 2008 16:15
"Michael Gordge" xtra.co.nz> wrote in message
news:5905aff1-50e5-44f9-a6ca-3123b1f0faae@i12g2000prf.googlegroups.com...
On Jan 3, 7:54 am, ta nc.rr.com> wrote:> On Jan 2, 5:45 pm, Michael Gordge xtra.co.nz> wrote:
>>> On Jan 3, 7:35 am, ta nc.rr.com> wrote:>
>>> It seems there are ongoing debates about "free market" economics, but
>>> very little agreement about what actually constitutes a free market.
>
>>> So what is it that makes a market "free"? What are the necessary and
>>> sufficient conditions for a free market?
>
>> Check your premises. e.g. define free, define market, the answer lies
>> right there.
>
>> MG
>
> How bout this -- does everyone agree to this definition:
> ...
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Author: Dan CloreDan Clore Date: Jan 2, 2008 16:17
ta wrote:
> On Jan 2, 5:45 pm, Michael Gordge xtra.co.nz> wrote:>> On Jan 3, 7:35 am, ta nc.rr.com> wrote:
>>>>> It seems there are ongoing debates about "free market" economics, but
>>> very little agreement about what actually constitutes a free market.
>>> So what is it that makes a market "free"? What are the necessary and
>>> sufficient conditions for a free market?
>> Check your premises. e.g. define free, define market, the answer lies
>> right there.
> How bout this -- does everyone agree to this definition:
>
> "A free market is a market in which prices of goods and services are
> arranged completely by the mutual consent of sellers and buyers. By
> definition, in a free market environment buyers and sellers do not
> coerce or mislead each other nor are they coerced by a third party."
>
> http://en.wikipedia.org/wiki/Free_market
By that definition, no "free market" has ever existed.
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Author: tgtg Date: Jan 2, 2008 16:58
On Jan 2, 6:25 pm, Les Cargill cfl.rr.com> wrote:> ta wrote:
>> It seems there are ongoing debates about "free market" economics, but
>> very little agreement about what actually constitutes a free market.
>
>> So what is it that makes a market "free"? What are the necessary and
>> sufficient conditions for a free market?
>
> I don't know that anybody has actually improved on Adam Smith - free
> market is absence of government subsidy.
>
Since the government subsidizes what is generally called 'ownership',
we certainly don't have a free market by that definition.
-tg
-tg
> --
> Les Cargill
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Author: ImmortalistImmortalist Date: Jan 2, 2008 18:16
On Jan 2, 2:54 pm, ta nc.rr.com> wrote:> On Jan 2, 5:45 pm, Michael Gordge xtra.co.nz> wrote:
>>> On Jan 3, 7:35 am, ta nc.rr.com> wrote:>
>>> It seems there are ongoing debates about "free market" economics, but
>>> very little agreement about what actually constitutes a free market.
>
>>> So what is it that makes a market "free"? What are the necessary and
>>> sufficient conditions for a free market?
>
>> Check your premises. e.g. define free, define market, the answer lies
>> right there.
>
>> MG
>
> How bout this -- does everyone agree to this definition:
>
> "A free market is a market in which prices of goods and services are
> arranged completely by the mutual consent of sellers and buyers. By ...
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