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Article: Is the corporation a free-market institution?
- Article from:
- Freeman
- Article date:
- March 1, 2003
- Author:
CopyrightCopyright Foundation for Economic Education, Incorporated Mar 2003. Provided by ProQuest LLC. (Hide copyright information)
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Is the modern large publicly traded business corporation compatible with a truly free market?
The question itself may seem strange, even silly. Corporations are primary actors in what the media refer to as "the market economy." Also, when the media refer to "the market," they as often as not mean the stock exchange, which is the place where the shares of large corporations are traded. Moreover, during the age of socialist ascendancy, many defenders of the free market have felt themselves moved to defend the corporation against socialist or "liberal" attacks.
Many genuine advocates of the free market even appear willing to make the stronger claim that a defense of the free market requires a ...