The Market is alright; but not the Market Economy

I am no fan the market economy, and I have been so for many years. However in the last few years, with more learning and understanding, I came to the conclusion that, while still no fan of the market economy, I don’t have an ideological problem with the market.

What applies to the market economy, as an economic system, does not necessarily apply to the market itself as an economic phenomenon (a single institution).… More