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Topic: Free market economies

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In the News (Thu 23 May 19)

  Free Essay Free Market vs Command Economy - Polandland transition eco
A free market economy is an economy in which the allocation for resources is determined only by their supply and the demand for them.
Thus, economies are graded as being free market economies or planned economies using a tool called the economic spectrum, where the planned economies are placed on the left and the free market economies on the right.
 In a command economy, the distribution of goods and services among the population is planned by the government, based on their assessment of the people’s needs; whereas in a free market economy the population may acquire the goods and services as per their specific needs at the price fixed by the seller(s).
www.echeat.com /essay.php?t=28129   (1706 words)

 FRB: Speech, Greenspan -- The Ascendance of Market Capitalism -- April 2, 1998
Market economies have succeeded over the centuries by thoroughly weeding out the inefficient and poorly equipped, and by granting rewards to those who could anticipate consumer demand and meet it with minimum use of labor and capital resources.
International competitive pressures are narrowing the choices for economies with broad safety nets: the choice of accepting shortfalls in standards of living, relative to the less burdened economies, or loosening the social safety net and acquiescing in the greater concentrations of income that seem to be associated with our high-tech environment.
Without an effective market clearing mechanism, the consequences of such a paradigm, as one might readily anticipate, were both huge surpluses of goods that were not wanted by the populace, and huge shortages of products that consumers desired, but were not produced in adequate quantities.
www.federalreserve.gov /boarddocs/speeches/1998/19980402.htm   (3298 words)

 Market economy - Libertarian Wiki
Germany's social market economy was one of the better functioning mixed economies, as microeconomists note that it had relativily free prices compared to other more socialist countries like the United Kingdom for much of the later 20th century.
He believes market oriented economies are the most efficient at transmitting information on supply, demand, and the reallocation of resources, all of which are necessary to bring diverse people together for the common purpose of producing for consumption.
Free market critics such as Friedman also argue that private property rights are the staple by which people and society build wealth and that eliminating private property rights eliminates a primary incentive to build and protect wealth.
libertarianwiki.org /Market_economy   (3723 words)

 Market Economy - Inflation and Transition to a Market Economy
Inflation typically occurs in a market economy for one of two reasons: either people increase their spending faster than producers are able to increase the supply of the goods and services; or there is a decrease in the supply of goods and services to consumers and/or producers, which drives up prices.
When such a free market is established, inflation may persist, but it is a far more manageable and less threatening problem than in the early hard days of economic transition.
The reason people in market economies do care about inflation over shorter periods of time is that as prices rise, income and wealth are redistributed in arbitrary ways unrelated to the output or productivity of workers and firms.
usinfo.org /trade/market/mktsb3.htm   (893 words)

 Advertising Regulation & the Free Market
The free enterprise system that exists in most western democracies is one in which individuals own the means of production and decisions are made largely by individual businesses and consumers, all acting in their own self interest.
A key element in the relative success of the free market system is its superior ability to generate and process the immense quantities of information that characterize the modern economy -- information, for example, about the tastes and incomes of consumers, about the outputs and costs of producers, and about their multifaceted interconnections.
Markets by themselves do not solve the information problem for government managed economies: because property remains in the hands of the state, enterprise managers do not have the appropriate incentives to use the information generated by the market effectively.
advertising.utexas.edu /research/law/Free.html   (6092 words)

 Market economy - Wikipedia, the free encyclopedia
A market economy (also called a free market economy, free enterprise economy) is an economic system in which the production and distribution of goods and services takes place through the mechanism of free markets guided by a free price system rather than by the state in a planned economy.
Supporters of a market economy generally hold that individuals pursuing their self-interest through trade has the incidental effect of bringing about a spontaneous order that is effective in supplying the greatest abundance of goods for society and in the most efficient manner.
In the model of a social market economy the state intervenes where the market does not fulfill the demands of political demands.
en.wikipedia.org /wiki/Market_economy   (2267 words)

 Free Markets and Social Welfare - Mises Institute
Austrian utility and welfare theory [pdf] observes that all transactions in a free market economy take place only when both parties believe they will be happier as a result of an exchange.
And unlike those countries with extremely centralized economies where it was illegal to leave, in most of the economically free countries there are limits on immigrants allowed to move in due to overly high demand.
So our theory is holding: the most extreme centrally managed economies see either a net outflow of their population (or make it against the law to leave), while the most economically free countries see a strong net inflow of people from other countries.
www.mises.org /story/1915   (804 words)

 [X] : For a Free Market Healthcare System   (Site not responding. Last check: 2007-10-13)
Free market healthcare could save the industry--if the government is willing to make the necessary changes.
At one level, the market is not free because Americans typically get their insurance from their employers or from the government, who in turn offer a very limited selection of plans from which to choose.
The overwhelming success of market economies in making goods and services (such as shoes and the service of auto mechanics) more affordable, as compared to the relative failure of planned economies to accomplish the same goal, should demonstrate to us that a market economy would offer the best chance at more affordable healthcare.
xpress.sfsu.edu /archives/editorials/001039.html   (1196 words)

 Democratic Peace: The Free Market as Utopia
As a freedomist, I often despair of intellectuals ever seeing the free market as it really is. First, the name for it that has stuck like glue is “capitalism,” which immediately shunts perspective onto the track of wealth, huge corporations, capital formation, and such.
This is comparable to the free market, through innovation and competition, bringing the price of a new automobile in 1960 down to the cost of a new shirt today -- which makes one wonder what the price of an automobile now would be without any government regulations on its production and quality.
This is the fruit of people being free to search and think of ways they can satisfy the needs or desires of others, and to invest their time and resources in trying to do so.
freedomspeace.blogspot.com /2005/03/free-market-as-utopia.html   (3566 words)

 FTC: The Role of Advertising and Advertising Regulation in the Free Market - Azcuenaga
The free enterprise system that exists in most western democracies is one in which individuals own the means of production and market decisions are made largely by individual businesses and consumers, all acting in their own self interest.
A key element in the relative success of the free market system is its superior ability to generate and process the immense quantities of information that characterize the modern economy -- information, for example, about the tastes and incomes of consumers, about the outputs and costs of producers, and about their multitudinous interconnections.
The free market and socialist models to which I refer are, of course, polar cases between which are many variations: market systems with varying degrees of government ownership and control, and socialist systems in which market elements are present.
www.ftc.gov /speeches/azcuenaga/turkey97.htm   (6006 words)

 Types of Economies
The Soviet Union was an example of a communistic command economy.
The other basic type of economy is the free market or capitalistic economy.
Some examples of countries with a free market economy are The United States of America, Germany, and England.
library.thinkquest.org /03oct/00921/typesofeconomies.htm   (615 words)

 Chapter 2: Social Cooperation and the Three M's of the Marketplace - Free Enterprise - FRB Dallas
In a nutshell, market economies succeed because they let us make the best use of the information necessary for social cooperation.
The communication and cooperation that take place through market prices are the secret to the superior wealth creation of free market economies.
Market cooperation depends on private property, since market prices emerge only when exchange occurs, and most exchanges involve private property.
www.dallasfed.org /educate/free/ch2.html   (2003 words)

 Criticisms of Current Forms of Free Trade - Global Issues
Adam Smith unequal free trade is little more than a philosophy for the continued subtle monopolization of the wealth-producing-process, largely through continued privatization of the commons of both an internal economy and the economies of weak nations on the periphery of trading empires.
In order for “free markets” to be “free,” the exchange of labour, land, currency, and consumer goods must not be encumbered by elements of psychosocial integration such as clan loyalties, village responsibilities, guild or union rights, charity, family obligations, social roles, or religious values.
In free market economies, for example, people are expected to move to where jobs can be found, and to adjust their work lives and cultural tastes to the demands of a global market.
www.globalissues.org /TradeRelated/FreeTrade/Criticisms.asp   (16040 words)

 Sample text for Library of Congress control number 2001056044
The free market, once the institutional impediments to its development had been reduced sufficiently, just grew by itself and by itself became the machine that generates innovation and growth in dramatic profusion.
The virtual absence of any explicit attempt to explain the fabulous growth record of the free-enterprise economies in general, with their transformation of living standards and creation of technological innovations undreamed of in any previous era, is perhaps the most glaring omission of recent economic growth theory, despite all of its substantial contributions.
Particularly in the high-tech sectors of the economy, the pressures of the competitive market force firms to systematize the innovation process and to seek so far as possible (in the immortal words of the great comedian W. Fields) "to remove all elements of chance" from the undertaking.
www.loc.gov /catdir/samples/prin031/2001056044.html   (5116 words)

 A Seven-Point U.S. Strategy to Push Europe to Free Trade
In Eastern Europe, countries newly freed from Soviet domination are dis mantling Stalinist command economies and moving toward free market economies Further east, several of the European republics of the Soviet-Union I 1 The term "Eastern Europe" has been used since World War II to denote that area of Europe under Soviet control.
A free trade agreement with America not only would increase EFTA nations trade opportunities but also would serve as a political and economic counterweight to the EC 14 Turkey, which is not a member of either the EC or ERA, is a particularly at tractive candidate for a free trade agreement with America.
Along with free trade agreements with the ERA countries to the north and the East Europeans to the east, a free trade agreement withTurkey would complete the encirclement of the EC by a U.S.-led free trade area I Point #6 Split the EC.
www.heritage.org /Research/Europe/bg839.cfm   (4358 words)

 WCC decries free-market economies - 12/15/98
Condemning "globalization," its term for free-market economies, the WCC said it would work for the establishment of "global governance" that will reign in the activities of transnational corporations, making them accountable to an international body.
Now economies in these countries are failing, their infrastructure is crumbling, basic monetary, utility, social and health services are underfunded and unpredictable.
The WCC is highly dependent upon the very economies whose capitalistic ventures it has denounced as morally repugnant.
www.layman.org /layman/news/news-around-church/wcc-global-governance.htm   (739 words)

 The Free Market is Indomitable (December 2001)
But economies are nothing but people coping with a world that is scarce in both resources and information.
The free market is the best hope for contending with such a world.
Just as an economic system is nothing but people, so a free economy is nothing but people free to improve their situations through peaceful acts of production and exchange.
www.fff.org /comment/ed1201j.asp   (706 words)

 Do you REALLY believe in "the Free Market?"   (Site not responding. Last check: 2007-10-13)
A consistent "Free Market" advocate does not believe that there is any area of human life and society which is more effectively taken care of by the State than by voluntary cooperation among people.
The Socialist cries, "But the children may starve if the production and distribution of milk is left to greedy capitalists!" The Free Market adherent knows from history that no greater threat to children can be imagined than to trust their well-being to the State.
The technology exists today for every American to have a small unit the size of an air conditioner on their roof, which would contain a laser beam device and be connected to a private radar network.
members.aol.com /patriarchy/definitions/FreeMarket.htm   (477 words)

 THEBIZBEACON.COM - Market Economy
Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of...
In theoretical economics, a free market is an idealised economic model wherein exchanges are "free" of all...
There are generalized criticisms of alternatives to market oriented economics which are often applied against any alternative to market oriented economic arrangements that seek to reduce or eliminate prices, wages, and private property such as socialism, communism, or anarchism.
www.thebizbeacon.com /mEconomy.html   (3655 words)

 Raife's RANTS -   (Site not responding. Last check: 2007-10-13)
Some of these dogmatic, and mythical, beliefs however, can be detrimental to any, intelligently constructed, society.
For example, it is commonly stated that, in a free-market economy, business should be allowed to operate, basically, without restraints.
This is because, it is assumed that, "market pressures" will naturally, "reign-in" destructive business practices and only the "best" businesses will be successful.
www.scs.unr.edu /~raife/rants/freemarket.html   (343 words)

 glennsacks.com | Russia's Free-Market Revolution at 10: An Unmitigated Disaster
Russian GDP per capita has dropped from half that of the U.S. in 1985 (the year before the free market reforms began) to a mere 13% of it today.
And most Russians, accustomed to centuries of dictatorship and 70 years of a planned economy, were completely unprepared for the changes a free market brings.
Many nations with decades and even centuries of free-market economies, fertile land, and substantial natural resources have utterly failed to develop and provide a decent standard of living for their people.
www.glennsacks.com /russias_free_market.htm   (899 words)

 EKOME, the independent think tank studying social, economic and political problems and disseminating the principles of ...
EKOME, the independent think tank studying social, economic and political problems and disseminating the principles of the free market economy and liberalism with publications, lectures, open forum, discussion groups, etc.
E.K.O.ME supports free market economies, less government and a strong Greek presence in international politics.
The Free Market Economy Can and Must Be the Rational Framework for an Effective and Balanced Social Security System
www.ekome.gr /english/default.asp   (996 words)

 Greenspan backs free-market economies   (Site not responding. Last check: 2007-10-13)
Federal Reserve chairman Alan Greenspan, renewing his call against protectionism, said Monday that free markets have worked best to limit economic downturns in the past few decades and boost living standards.
"So long as markets are free and human beings exhibit swings of euphoria and distress, the business cycle will continue to plague us," Greenspan said in a speech by satellite to a London conference and released by the Fed.
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances."
www.smh.com.au - !http: //www.smh.com.au/articles/2004/01/27/1075087989164.html   (440 words)

 English Books > Economics > Capitalist Or Free Market Economies > Index > World Retail Store   (Site not responding. Last check: 2007-10-13)
Market System: What It Is, How It Works, And What To Make Of It
One Market Under God: Extreme Capitalism, Market Populism, And The End Of Economic Democracy
Struggle for a Free Economy and Society in Russia
www.worldretailstore.com /index/BE-KCSF:2.html   (912 words)

 Emerging economies fail to back IMF
Major emerging countries from the Middle East, Asia and Latin America opposed an IMF voting reform package that aims to reflect their rise in the world economy, IMF board officials said on Friday.
Three of the biggest players -- Brazil, Argentina and India -- spoke out strongly against the proposed reforms that won backing on Thursday by the United States, Europe and Africa.
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www.freemarketnews.com /WorldNews.asp?nid=20198   (147 words)

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