Sociology Index

Free Market Economics

Free market economy is almost synonymous with Laissez Faire economy, that is, free market without economic intervention and regulation by government. Free-market economy is often used synonymously with Market Economy. Free market economy is the opposite of a controlled market economy. Free Market economy is an economy in which goods and services are freely exchanged without obstruction or regulation and where decisions about production and consumption. In free market economy decisions regarding investment, production and distribution are based on supply and demand where the prices of goods and services are determined in a free price system. In free market economy the buyers and sellers are solely responsible for the choices they make. Free market gives the absolute power to prices to determine the allocation and distribution of goods and services. In free market economy there is free trade without any tariffs or subsidies imposed by the government.

During the first revolution in manufacturing, the Invisible Hand of The Market was replaced by the "visible" hand of corporate managers - Alfred Chandler.

Books on Free Market Economics

The Myth of the Free Market: The Role of the State in a Capitalist Economy by Mark A. Martinez.

Economics, a Free Market Reader by various authors, (Bettina Bien Greaves originally compiled the articles) Editors Jane Williams and Kathryn Daniels.

Free Market Economics: A Reader by Bettina Bien Greaves.

Railroading Economics: The Creation of the Free Market Mythology by Michael Perelman.

Free Market Madness: Why Human Nature is at Odds with Economics, and Why it Matters by Peter A. Ubel.

Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't by John R. Lott Jr.

Free Market Economics: A Syllabus by Bettina Bien Greaves.

Selling the Free Market: The Rhetoric of Economic Correctness by James Arnt Aune.

Economics Does Not Lie: A Defense of the Free Market in a Time of Crisis by Guy Sorman.

Vienna and Chicago, Friends or Foes?: A Tale of Two Schools of Free Market Economics by Mark Skousen.

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse by Thomas E. Woods Jr. and Ron Paul.

The Politics of Free Markets: The Rise of Neoliberal Economic Policies in Britain, France, Germany, and the United States by Monica Prasad.

Free Markets and Social Justice by Cass R. Sunstein.

Flat Broke in the Free Market: How Globalization Fleeced Working People by Jon Jeter.

The Adventures of Jonathan Gullible: A Free Market Odyssey by Ken Schoolland.