Free Market

(redirected from free marketeers)
Also found in: Dictionary.
Related to free marketeers: Unregulated market

Free Market

A system of economics that minimizes government intervention and maximizes the role of the market. According to the theory of the free market, rational economic actors acting in their own self interest deal with information and price goods and services the most efficiently. Government regulations, trade barriers, and labor laws are generally thought to distort the market. Proponents of the free market argue that it provides the most opportunities for both consumers and producers by creating more jobs and allowing competition to decide what businesses are successful. Critics maintain that an unfettered free market concentrates wealth in the hands of a few, which is unsustainable in the long term. In practice, no country or jurisdiction has a completely free market. See also: Deregulation, Classical economics, Keynesian economics, Marxism, Monetarism, Chicago School, Austrian School.
References in periodicals archive ?
Reviled by free marketeers and civil libertarians alike, the National Identity Register would be top of the Tory hit list.
We are all, by nature, free marketeers and are uncomfortable and suspicious of government intervention, but the car industry is a special case.
As the NEJM points out in a recent issue with no less than two articles devoted to the subject, there are two main camps in Congress right now, the free marketeers and those who favor a "single-payer" system (aka "Medicare for all").
While even many of the world's most ardent free marketeers acknowledged the need for the recent coordinated bailout of European banks, Mr.
Reagan, the myth goes, kept together the three "legs" of the GOP "stool": social conservatives, free marketeers, and national security hawks.
In a letter e-mailed to hundreds of thousands of union activists, Derek Simpson will remind them of the 1970s, when the then Labour government was constantly hounded by right-wingers and free marketeers for propping up struggling public sector enterprises.
The PDs were a niche party - free marketeers and liberal on social issues and at their best a restraint on Fianna Fail's excesses.
Of course, it shouldn't go unnoticed that the Bushite reactionaries are selective free marketeers.
On one extreme, free marketeers have argued that natural forces, perhaps with the help of trade agreements, are the best way to ameliorate labor standards; while on the other extreme, anti-globalists have seen a corporation-free, proactive, multinational effort as the only way to achieve the goal.
A devotee of Ayn Rand, the archangel of free marketeers, Greenspan has championed unfettered markets.
Friday's energy conference, VICA's second since the fall, will include a mix of energy free marketeers and those who'd like to stuff deregulation back in Pandora's box.
They blame the free marketeers for the dualisms of environment v.