The Beauty (and the Beast) of Free Markets

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 2 in Global Financial Meltdown, 2009, pp 7-17 from Palgrave Macmillan

Abstract: Abstract Fire is an amazing innovation. It keeps us warm, gives us light, allows us to sustain ourselves, and makes our food safer to eat. It can also do damage if used improperly. Fire can be mishandled and it can be used as a weapon by and against us. We have learned from experience to understand and respect fire, which allows us to protect ourselves from its misuse.

Keywords: Free Market; Allocation Mechanism; European Economic Community; Deadweight Loss; Free Market System (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_2

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DOI: 10.1057/9780230595187_2

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