Mises Daily
Author:
A.R.J. Turgot
Online Publish Date:
[Excerpted from chapter 4 in part 1 of the The Turgot Collection (2011). Originally written in 1757.] The word fair , which is derived from forum , a public square, was originally synonymous with that of market , and is still so in certain respects. Both signify a gathering of sellers and buyers at a set time and place, but the word fair seems