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Thursday, November 23, 2006

More On Free Markets

In the post http://fatherdaughtertalk.blogspot.com/2006/11/lies-economists-told-us.html I made some comments about free markets. There is a large segment of the population which has childish notions of free markets and this segment is not at all used to being talked to and told to stand in the corner. Free markets are emergent behaviors. It is a complex resulting from the activities of the participants, one of those activities being Ethical acts or beliefs. The notion that free markets are beyond morality is nonsense. They are based upon morality - or the lack thereof - of the market participants. I have heard utter balderdash. Business people should remain business people, not economists or philosophers. I mean, asking business people about free markets is a lot like asking a rock star about Darfur.

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