Word: free-market
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Milton Friedman, professor of economics at the University of Chicago and bogeyman of Ec 1, last night defended the "free-market principles" of "unanimity without conformity" against encroachments by the "coercive mechanism" of "the political method...
...population of 55 million) will have to abandon the land. This is bad news to C.D.U. political professionals who have begun to think about the 1965 elections. As a necessary sop to the farmers and as a disappointment to his ideological supporters, Politician Erhard is currently soft-pedaling his free-market ideals as far as agriculture is concerned and promises that grain prices will stay artificially high...
Europe's Common Market may seem to be traveling to economic integration on a road strewn with rocks, but they are mere pebbles compared with the boulders faced by Moscow in its efforts to forge its satellites into a Communist common market. Shortly after the European Economic Community began operating in 1958, Russia started a hasty conversion of its shaky eight-nation*COMECON (Council for Mutual Economic Assistance) into a Redhued EEC-only COMECON, of course, was to be much better. There would be no wasteful competition among nations, for example, as in the free-market EEC; instead, each...
...that no one is sure who makes which product the best. "We cannot check the calculations of our partner, nor translate our calculations into language which is comprehensible to him," complains a distracted Polish economist. No more direct evidence is needed of COMECON's failure to outdo the free-market system of EEC than one remarkable fact: contrary to all plans, some COMECON members are increasing their trade with EEC countries faster than they are with each other...
...Eisenhower heritage persuades Washington's new economists that they must re-educate the U.S. to make the most of its economy. As they sit down to the levers of control, they hold that it is their intent to make the free-market economy operate more freely. Many former skeptics, having taken the measure of the men and their motives, think they deserve a chance...