Will Truly Free Markets be Truly Different?

Intro/Outro by Jeff Riggenbach
Written by Steven Horwitz
Read by Tony Dreher
Edited by Tony Dreher

Online article: https://c4ss.org/content/40822


The problems with Carson’s argument are the same ones that seem to infect much left-libertarian writing: too many assertions without careful economic argument about what a truly free market would look like and simultaneously overstating, in my view, the distortions created by the state by ignoring the underlying economics. Before I give a couple of particulars, let me note that I don’t deny the general claims. The state has certainly distorted the way in which markets have evolved and thereby affecting the kinds of institutions and economic arrangements that define the status quo. And I do think a truly free market would look different from the status quo. What I am much more skeptical about is the degree of those differences.

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