Posts
Milton's Myth #8: Markets Are Efficient
✑ ROBIN HAHNEL | ± 4 minutes‟Free market exchange will often result in a misallocation of scarce productive resources.
Milton's Myth #7: Markets Are Fair
✑ ROBIN HAHNEL | ± 1 minutes‟A surgeon who is on the golf course by 2 p.m. would consume ten times more than a garbage collector.
Milton's Myth #6: Markets Equal Economic Freedom
✑ ROBIN HAHNEL | ± 7 minutes‟Exchanges under competitive conditions can be coercive as well.
Milton's Myth #5: Free Enterprise Is Fair
✑ ROBIN HAHNEL | ± 1 minute‟To each according to the market value of the contribution of his or her labor.
Milton's Myth #4: Free Enterprise Reduces Discrimination
✑ ROBIN HAHNEL | ± 5 minutes‟It is foolish to wait for capitalism to eliminate discrimination.
Milton's Myth #3: Free Enterprise is Efficient
✑ ROBIN HAHNEL | ± 6 minutes‟Capitalists understandably use market prices, not true social costs.
Milton's Myth #2: Free Enterprise Promotes Political Freedom
✑ ROBIN HAHNEL | 745 words"99% of the population cannot pay for a single ad in the New York Times.
Milton's Myth #1: Free Enterprise Equals Economic Freedom
✑ ROBIN HAHNEL | 2,318 words‟We find Friedman’s concept of economic freedom inadequate.
|
|---|
|
Also Read
|
|---|
Topics
|
|---|
Economics (the science) Marx 1917-1989 (The Red Century)
 |
|---|
 |
|---|
 |
|---|
 |
|---|
 |
|---|
 |
|---|
 |
|---|
|
Exploring alternatives. Is SE "socialist"? SE is not anything, except convinced of the need for a fundamental, global, open debate about capitalism and possible fair, egalitarian, democratic and greener alternatives, from an economic perspective. Read more about SE here. |
|---|
Contributors
|
|---|
Ghosh
Milanovic
Henwood
Patnaik
Hahnel
Shaikh
Hudson
Kliman
Ruccio
Samary
Patnaik
Huber
Zaman
Rasmus
Bockman
Norfield
SE welcomes your submissions.
Your analyses of past or present economic issues.
Your visions for a better economic future.
See how to submit here.
Your analyses of past or present economic issues.
Your visions for a better economic future.
See how to submit here.
SE is a platform, open to a diversity of views from thinkers from across the globe.
Views expressed in articles on SE do not necessarily reflect the views of SE's editors.
Views expressed in articles on SE do not necessarily reflect the views of SE's editors.