Document Type


Publication Date

September 2013

Publication Title

The Freeman



Issue Number


First Page


Last Page



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.


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.
Unless otherwise noted, and with the exception of John Stossel's "Give Me a Break!" columns, all works published on and are published under a Creative Commons Attribution International License 4.0. Feel free to share and copy as long as you credit FEE as the source.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.

Included in

Economics Commons