Wednesday, February 14, 2007

Free markets ...


How do you feel about free markets? How would you like to test your views on some aspects of it? Check out Charles Wheelan, the Naked Economist:

The reality is that most people -- from one end of the political spectrum to the other -- find some market outcomes objectionable.

Markets don't elicit any kind of consensus. The most interesting public policy questions often involve market outcomes that people decide they don't like -- whether it's sweatshops, prostitution, cheap imports from China, or something else.

So how do you feel about markets? Take this quick quiz.

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And here's Mark Thoma on why markets are not magic.

2 Comments:

  1. pennathur said...

    Abi,
    Is there a term in economics for lazy arguments that deal with extremes and simply ignore the entire spectrum of exchange arrangements?

  2. Alex said...

    Some more on markets.

    http://alexmthomas.wordpress.com/2006/10/04/the-economics-of-information/