Cory Doctorow: Free Markets
If you learned your economics from Heinlein novels or the University of Chicago, you probably think that “free market” describes an economic system that is free from government interference – where all consensual transactions between two or more parties are permissible.
But if you went to the source, Adam Smith’s Wealth of Nations, you’ll have found a very different definition of a free market: Smith’s concern wasn’t freedom from ...Read More
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