8min chapter

Past Present Future cover image

The History of Freedom w/Lea Ypi: What is the Free Market?

Past Present Future

CHAPTER

The Evolution of Free Market Capitalism and Democratic Influence

Exploring the historical context of treaties and laws preceding free markets, the chapter analyzes the impact of democratization on market enforcement and societal norms. Friedrich Hayek's views on the free market as a knowledge theory and a force for human freedom are contrasted with political planning, discussing the trade-offs and implications for innovation and social welfare in today's digital age.

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