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free market


THE FREE MARKET MUST BE CONTROLLED IN CERTAIN CASES.
Trenton Lee Stewart  --  The Mysterious Benedict Society
  an economic system that is free of government and monopoly control in matters such as pricing, unfair taxes, subsidies or regulation
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Notes:
It is counter-intuitive to think that a "planned" economy will not work as well as one guided by centralized planning, but history (especially with the fall of the Soviet Union) has convinced most economists that it is true.

Adam Smith first articulated the theory in 1776 when he said individuals acting in their self-interest produce the right amount and variety of goods as though guided by an "invisible hand".  He described such individuals as allocating goods more efficiently than central planners because of their strong motivation to better their situation and because of local knowledge available only to them.

Smith was more nuanced than many realize. For example, he stressed the need for government to intervene to prevent cartels and was a moral philosopher who described individual self-interest as extending well beyond selfish concerns.
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Samples:
  • THE FREE MARKET MUST BE CONTROLLED IN CERTAIN CASES.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • And I had about half a million local francs in various banks—about fourteen thousand dollars at the official rate of exchange, and half that on the free market.
    V.S. Naipaul  --  A Bend in the River
  • Party members were supposed not to go into ordinary shops (’dealing on the free market’, it was called), but the rule was not strictly kept, because there were various things, such as shoelaces and razor blades, which it was impossible to get hold of in any other way.
    George Orwell  --  1984
  • My sons have been quite successful, selling our vegetables in the free market.
    Amy Tan  --  The Joy Luck Club

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  • It might be with a gun, an army, a holy book, a law, an invisible free market hand.
    Jay Allison, et al.  --  This I Believe II
  • Throughout the Pacific, free markets are working miracle after miracle of economic growth.
    Ronald Reagan  --  Tear Down This Wall Speech
  • But what we don’t have is a free market.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • That’s the beauty of the free market, Lisa.
    John Ringo  --  Live Free or Die
  • Pro?ting by denying a free market, pro?ting from government war money while controlling that market for ourselves.
    Stephen King  --  Rose Red
  • He was still at risk of winding up a cliche of free market capitalism: the inventor whose brainchild would lead to profit for others and nothing for himself.
    Michael Lewis  --  The Blind Side

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  • While publicly espousing support for the free market, the fast food chains have quietly pursued and greatly benefited from a wide variety of government subsidies.
    Eric Schlosser  --  Fast Food Nation
  • Muffled up in shawls tucked inside their sheepskins, the women blushed a fiery red at the sailors’ jokes but at the same time were terrified of them, for it was generally sailors who formed the units organized to fight against speculation and the forbidden free market.
    Boris Pasternak  --  Doctor Zhivago
  • If we can get fair prices in a free market
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • Raised what he eats, sold rest free market and stayed away from catapult head.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • A little wheat and grind it ourselves and don’t insist on white flour, and sell—free market—what’s left.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • This takes into account a slight rise in wholesale prices on Terra, ’slight’ because the Authority now sells at approximately the free market price.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • Assuming a free market throughout the sequence his profit enhancement will be of the close order of sixfold.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • The political philosophy that now prevails in so much of the West — with its demand for lower taxes, smaller government, an unbridled free market stands in total contradiction to the region’s true economic underpinnings.
    Eric Schlosser  --  Fast Food Nation
  • THE FREE MARKET MUST BE FREE ENOUGH TO CONTROL ITS FREEDOM IN CERTAIN CASES.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • THE FREE MARKET MUST HAVE ENOUGH CONTROL TO FREE ITSELF IN CERTAIN CASES.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • "Oh, that’s just the Free Market Drill," said Jackson.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • "The Free Market Drill," said Sticky.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • THE FREE MARKET.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
  • Despite its public opposition to any government interference with the workings of the free market, the IFA has long supported programs that enable fast food chains to expand using government-backed loans.
    Eric Schlosser  --  Fast Food Nation
  • But there were hints of how a free market in football players might differ from a shackled one.
    Michael Lewis  --  The Blind Side
  • The city’s principal industry is legally protected against the workings of the free market, and operates according to strict rules laid down by the state.
    Eric Schlosser  --  Fast Food Nation
  • "A free market requires many buyers as well as many sellers, all with equal access to accurate information, all entitled to trade on the same terms, and none with a big enough share of the market to influence price," said a report by Nebraska’s Center for Rural Affairs.
    Eric Schlosser  --  Fast Food Nation
  • For better or worse, legislation passed by Congress has played a far more important role in shaping the economic history of the postwar era than any free market forces.
    Eric Schlosser  --  Fast Food Nation
  • During the past two decades, rhetoric about the "free market" has cloaked changes in the nation’s economy that bear little relation to real competition or freedom of choice.
    Eric Schlosser  --  Fast Food Nation
  • Many of America’s greatest accomplishments stand in complete defiance of the free market: the prohibition of child labor, the establishment of a minimum wage, the creation of wilderness areas and national parks, the construction of dams, bridges, roads, churches, schools, and universities.
    Eric Schlosser  --  Fast Food Nation
  • Defense regiments had depleted ranks of ice miners so much that selling ice on free market was profitable; LuNoH0Co steel subsidiary was hiring every able-bodied man it could find, and Wolfgang Korsakov was ready with paper money, "National Dollars," printed to resemble Hong Kong dollar and in theory pegged to it.
    Robert A. Heinlein  --  The Moon is a Harsh Mistress
  • A gangly Executive stood in front of about thirty attentive young students, leading them in a memorization exercise: "THE FREE MARKET MUST ALWAYS BE COMPLETELY FREE.
    Trenton Lee Stewart  --  The Mysterious Benedict Society
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Associated words [difficulty]:   free market [5]
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