Friday Philosophy
Author:
David Gordon
Online Publish Date:
he would. Despite the immense benefits of a free market, interventionists oppose a policy of laissez-faire. An unhampered market might work, they acknowledge, under the conditions of competitive equilibrium, but these conditions are so stringent that they in practice of the market will attract competitors, and, as the market expands, the scope for competition will widen. Perhaps McCloskey’s most interesting criticism of the