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Free Markets Are RegulatedThe myth of disorder.Steven Horwitz The Freeman May. 28, 2011 |
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 In the free market truly competitive firms can’t simply do whatever they wish, at least not if they want to make profits and continue as viable enterprises. Their desire to make profits regulates their behavior in ways that drive them to serve consumers by expanding and diversifying output and reducing prices. In contrast to the implicit picture of “unregulated” markets in which firms can do whatever they wish, economics depicts the free market as governed by clear rules. Read More 
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