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Jacob Soll, "Free Market: The History of an Idea" (Basic Books, 2022)

New Books in Intellectual History

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The Complexity of Free Markets

This chapter examines the intricate dynamics of free markets, challenging the conventional belief that wealth creation is solely driven by free market principles. It highlights the significant role of state intervention and industrial policies in countries like China and Singapore, demonstrating that no market exists in pure isolation. Through various global examples, the chapter illustrates how economic systems are shaped by a blend of market forces and government involvement.

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