Talk:Free market

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Adam Smith

Adam Smith was not the originator of laissez-faire economics, so I took that out. -MobileDigit

Merging

Just found out there's a duplicate article (with capitalization) and they're a bit different. I'm going to merge (redirect) them, so here is the current contents to be integrated from the other article. I don't have time at the moment - gRegor 11:47, 21 March 2007 (EDT)

{{wikipedia}}

A '''free market''' is a [[market]] which has no restrictions
as to who can participate, what [[goods]] can be exchanged, and
what amounts of goods they can be exchanged for.  On a free market,
a person can exchange any of his [[property]] for anything that
another is willing to give for it.

==Government intervention==

From this definition it can clearly be seen that any government
intervention into the market can only be a restriction of what
people can participate in the market, what goods can be exchanged 
or what goods and what amounts they can be exchanged for. This is 
called the ''hampered market''. Since it is a truism that people 
will exchange their goods and services only for the highest return 
they can get, any such government intervention inevitably reduces 
their potential profit or at best makes no change at all. Government 
thus can never increase the performance of the free market.

[[Libertarians]] believe the free market is a voluntary economic 
system (hence best compatible with libertarian values) and would 
provide the greatest freedom and happiness for people.

[[Category: Topics]]
[[Category: Definition]]