2 ms·
While no 'true free market' has existed in real life, it nevertheless exists as a fairly clearly specified theoretical construct against which actual markets ca
by logicchains 13y ago
While no 'true free market' has existed in real life, it nevertheless exists as a fairly clearly specified theoretical construct against which actual markets can be compared. Those countries in the top 20 economic freedom list all have markets closer in various ways to this theoretical 'true free market' than other countries.
They also generally have higher levels of economic development, hence the suggestion of a correlation between market freedom and economic development.