I appreciate the invitation to your new group, but I think there is probably too much distance between your views and mine for me to make a contribution. I was trained by an odd combination of early Chicago School types, historians of economic thought and "neo-institutionalists" aka "property rights theorists". Hence, I have no idea what a "free market" means before one defines the cultural and legal institutions that bound said market. OTOH, since to me "free markets" are contextual, so are critiques of free markets. Both the one side and the other seem to miss the real underlying policy debate of what the surrounding institutions look like.
posted by lawecon at 7:39 pm (EST) on Apr 16, 2010
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I appreciate the invitation to your new group, but I think there is probably too much distance between your views and mine for me to make a contribution. I was trained by an odd combination of early Chicago School types, historians of economic thought and "neo-institutionalists" aka "property rights theorists". Hence, I have no idea what a "free market" means before one defines the cultural and legal institutions that bound said market. OTOH, since to me "free markets" are contextual, so are critiques of free markets. Both the one side and the other seem to miss the real underlying policy debate of what the surrounding institutions look like.
posted by lawecon at 7:39 pm (EST) on Apr 16, 2010