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May 1, 2018 at 12:30 comment added Michael Greinecker So you can't really answer the question. That's what I thought.
May 1, 2018 at 12:27 comment added Lassie Fair @MichaelGreinecker It's the opposite of Austria's economic system.
May 1, 2018 at 12:18 comment added Michael Greinecker Can you please explain what a "totally free market economy" is?
Nov 17, 2017 at 0:17 answer added Dave Harris timeline score: 1
Nov 15, 2017 at 20:09 answer added Giskard timeline score: 2
Nov 15, 2017 at 19:13 comment added Kitsune Cavalry Unless all firms will magically become price takers, there will be market power exerted. A free market simply doesn't always enforce the nice welfare theorems we like. Maybe a government doesn't have to intervene to stop anti-competitive behavior (e.g. suppose people riot and destroy capital in response to high goods prices) but it certainly in many cases is desirable.
Nov 15, 2017 at 17:11 history asked Lassie Fair CC BY-SA 3.0