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120: Ha-Joon Chang | South Korea's Greatest Economist
Curious Worldview Podcast
What Is a Free Market?
I realized that the notion of what is a free market has changed enormously over time. In the 19th century, Britain and other European countries, free market included labor market with child labor. Even today's most ardent supporters of free market do not say we need to bring back child labor. All markets have some but political institutions at the foundation of it, which embodies certain ethical values.
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