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Soros on ‘Free Market’ Equilibria

Rod Cross and Douglas Strachan

Chapter 3 in Growth, Employment and Inflation, 1999, pp 27-40 from Palgrave Macmillan

Abstract: Abstract During the 1990s, the ideology of the ‘free market’ has come to dominate much of the world. As far as individual behaviour is concerned the nostrum is that the largely untrammelled pursuit of self-interest is most conducive to the common economic good, and at the aggregate level the prescription is for a minimalist or ‘nightwatchman’ state as far as intervention in markets is concerned.

Keywords: Economic System; Free Market; Rational Expectation; Economic Agent; Open Society (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27393-5_3

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DOI: 10.1007/978-1-349-27393-5_3

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