4min chapter

EconTalk cover image

Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order

EconTalk

CHAPTER

The Importance of Competition in the Market Process

I think the subject of a basic income is too big for the time we have. Agreed. But do you want to say something about free trade harming people? Well, I think the language is bad. And so the imperfections themselves in any moment in time are in an important way part of the market process. They're just part of the reality that fuels and guides the marketprocess.

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