Latest Free market Stories

2010-07-13 10:25:00

A Purdue University researcher has used "econophysics" to show that under ideal circumstances free markets promote fair salaries for workers and do not support CEO compensation practices common today. The research presents a new perspective on 18th century economist Adam Smith's concept that an "invisible hand" drives a free market economy to a collective good. "It is generally believed that the free market cares only about efficiency and not fairness. However, my theory shows that even...

2009-11-03 14:01:00

NEW YORK, Nov. 3 /PRNewswire/ -- At a time when pundits, politicians and some world leaders are proclaiming the death of "laissez faire" and free enterprise, a new book from STEVE FORBES asserts that capitalism -- economic freedom -- is the real way to revive the economy. HOW CAPITALISM WILL SAVE US: Why Free People and Free Markets Are the Best Answer in Today's Economy (Crown Business; November 3, 2009), by STEVE FORBES, editor of Forbes Media and one of the nation's best-known economic...

2008-11-10 15:00:21

Eletricity4Business has gone into administration, leaving small and medium sized businesses facing uncertainty and higher bills. The power provider is the latest in a steady stream of small suppliers to exit the retail market amid serious concerns about competition and the intended benefits of deregulating the UK energy markets. The key question now is how these market conditions can be remedied. Electricity4Business (E4B) is the latest casualty in the UK electricity supply market, and its...

2005-12-14 15:45:52

NEW YORK (Reuters) - The rise in global living standards despite fears of violence is a testament to the value of free markets in the world, Federal Reserve Chairman Alan Greenspan said on Wednesday. "Despite worrisome pockets of violence and destruction, commerce and wealth-building continues apace," the U.S. central bank chief said in a speech prepared for delivery at New York University, the alma mater for all three of his degrees. He and British Chancellor of the Exchequer Gordon...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.