Hoover InstitutionStanford University
A Case For Free Markets

Published: June 30, 2020

One benefit of the free-enterprise system is that it prevents anyone from having too much power. Free markets encourage individual initiative by allowing competition from even the smallest of producers. Competition keeps the playing field even

Discussion Questions

  1. What incentives does the free-market economy offer?
  2. How would a free-market economy be described?

Additional Resources

  • Listen to “Equality and Freedom in the Free Enterprise System,” available here.
  • Read “The Case for Free Trade” by Milton Friedman and Rose D. Friedman, available here.

Cast

Milton Friedman

Milton Friedman

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