Markets


Markets emerge from the exchange of goods and services. Those exchanges determine the allocation of resources. Free markets comprise voluntary exchanges free from intervention. Free markets represent a natural condition that operates effectively and efficiently without intervention.


According to some economic theories, markets require intervention and manipulation in order for them to operate effectively and efficiently. You will see as you read through this website, I adamantly disagree with those theories. I use the term Free Market to distinguish markets free of intervention from those subject to intervention. Thus, when I use the term "free market" I mean: markets free of intervention.

In this section, The Free Market Center will offer a strong argument for the development of free markets (i.e. free of intervention.)


 Market Systems

Markets, whether free or not, consist of systems. The elements of those systems have connections, or feedbacks, to other elements in the system. Changes in one part in the market lead to changes in other parts.

Complex Markets

Markets, like all living systems, comprise a level of complexity beyond the comprehension of the human mind.

 Economic System Model

In spite of its limitations modeling can prove useful within carefully controlled variables. In this section, I have developed some models of the simple economy for the purpose of demonstrating some fundamental interactions in economic systems.