The Virtues of Free Markets
37 Pages Posted: 26 Apr 2011
There are 2 versions of this paper
The Virtues of Free Markets
Simon School Working Paper No. FR 11-16
Number of pages: 37
Posted: 26 Apr 2011
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The Virtues of Free Markets
Cato Journal, Vol. 31, No. 2, 2011
Number of pages: 28
Posted: 17 Apr 2013
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134
Date Written: April 26, 2011
Abstract
Free markets have many virtues. Arguably, the most recognized is the expansion of individual choices - and thus freedom - through mutually beneficial exchange (see Bauer's definition of economic development in Dorn 2002: 356). This proposition is at the heart of the enduring impact of Adam Smith's Wealth of Nations ([1776] 1937) which aptly spells out the benefits of the Invisible Hand for citizens and societies.
Suggested Citation: Suggested Citation
Zupan, Mark A., The Virtues of Free Markets (April 26, 2011). Simon School Working Paper No. FR 11-16, Available at SSRN: https://ssrn.com/abstract=1823435 or http://dx.doi.org/10.2139/ssrn.1823435
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