LearnLiberty

Posts tagged free market

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It is often said that supporters of free markets are also pro-business, but Professor Horwitz argues that this isn’t always the truth. In a free market, competition encourages businesses to vie for consumer dollars by providing the best quality goods at the lowest prices. The result is innovation and consumers that benefit. Pro-business measures, on the other hand, encourage the inefficient practices of big businesses. Additionally, they present barriers to entry for new businesses, so that consumer choice is limited. Which is pro-people?

(Source: learnliberty.org)

Filed under free market business capitalism economics big business

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Schools of Thought in Classical Liberalism Part 6: Anarcho-Capitalism

Most people associate the word “anarchist” with the political left. However, there are anarchists who advocate for completely unrestricted capitalism. Two prominent anarcho-capitalists are Murray Rothbard and David Friedman, both of whom believed there should be no government. While Rothbard criticized government for its use of force, Friedman criticized its inefficiency.

What do you think— Can the free market provide everything we need? Do we need a government?

Check out the rest of the video series: http://www.learnliberty.org/content/schools-thought-classical-liberalism

(Source: LearnLiberty.Org)

Filed under Anarcho-Capitalism free market libertarian liberty classical liberalism Murray Rothbard David Friedman government philosophy capitalism

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Governments have terrible track records when it comes to picking winners and losers. Without the prices, profits, and losses that markets generate, governments don’t have the knowledge necessary for wise choices.
Professor Art Carden

Filed under free market liberty freedom

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Markets aren’t perfect, but they do create incentives for internalizing costs. Government action, on the other hand, externalizes them. So, are externalities the result of market, or political failure?

Check out our short video!

Filed under free market capitalism

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A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.
Thomas Jefferson

Filed under Limited Government free market capitalism