Sentences with phrase «pure market economics»

We require an ethic that is neither reductionistic and economistic nor idealistic and moralistic, neither the pure market economics of Friedrich Hayek and Milton Friedman nor the utopian, inefficient, antimarket economies of the left.

Not exact matches

In fact, as Milton Friedman himself observed, only a socialist government can impose his kind of economics, without sunk costs, with «pure» markets.

This is the almost perfect example of how one might expect a pure ebook play to develop over time, publishing ebooks to a time sensitive market while selling the rights to someone else for a paperback edition, enabling them to keep stock costs lows and cash flow high and letting someone else worry about the odd economics of the traditional model!