5 Reasons Markets Are More About Coordination Than Competition

This article gives 5 reasons that markets are better described as systems of social coordination instead of systems of competition. Monopoly markets exist. If there’s a monopoly there isn’t any competition. Some may argue that monopolistic markets are inefficient but that isn’t always true. Granted, it’s far easier for these markets to break down but … Read more 5 Reasons Markets Are More About Coordination Than Competition

Charles Lindblom on the Market System

Charles Lindblom describes some advantages and disadvantages of the free market in The Market System. In the last two chapters he then discusses an alternative which he prefers. Keep in mind that Lindblom is widely considered ideologically leftist, liberal or statist. Despite that bent, even he cannot nearly deny the amazing power of the free … Read more Charles Lindblom on the Market System