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Soros on ‘Free Market’ Equilibria

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Growth, Employment and Inflation

Abstract

During the 1990s, the ideology of the ‘free market’ has come to dominate much of the world. As far as individual behaviour is concerned the nostrum is that the largely untrammelled pursuit of self-interest is most conducive to the common economic good, and at the aggregate level the prescription is for a minimalist or ‘nightwatchman’ state as far as intervention in markets is concerned.

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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Cross, R., Strachan, D. (1999). Soros on ‘Free Market’ Equilibria. In: Setterfield, M. (eds) Growth, Employment and Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27393-5_3

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