Document Type
Article
Publication Date
September 2013
Publication Title
The Freeman
Volume
63
Issue Number
7
First Page
14
Last Page
16
Abstract
Pure markets enhance good behavior, because in such arrangements, voluntary acts are rewarded and involuntary acts are punished. A pure market, as we define it, consists only of voluntary human action. That’s because a truly free market includes governance structuresthat penalize coercive harm, and such pure markets do not impose any restrictions or costs on honest and peaceful human activity.Critics of markets think otherwise. They point to slave markets or a market for stolen goods as examples of market immorality.
Recommended Citation
Fred Foldvary. "Do Markets Promote Immoral Behavior?" The Freeman (2013): 14-16.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Comments
This article was originally published in The Freeman Vol. 63, Iss. 7 by the Foundation for Economic Education on September 2013. The article is also available online at this link.
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