Thursday, December 7, 2017

Livia Gershon — Are Free Markets Fictional?


US business über-guru Peter F. Drucker thought so.

JSTOR Daily
Are Free Markets Fictional?
Livia Gershon

1 comment:

Ben Johannson said...

No market is free of price setting other than that determined by negotiation between buyer and seller. Furthermore, it's problematic to call "free" an institution which, as is inevitable in a capitalist-organized production system, the costs which should be calculated into the final price are instead pushed onto society.