Economics Thread

Julio3000 said:
On the question of free markets, though...big picture stuff. What constitutes a free (and by your logic, fair) market, and how is the security of that market guaranteed? Can you give me a concrete example of what a "free market" looks like?
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Just remembered this.

A free market is two parties being able to trade what they want with no restrictions.

I think a great example is the EU.
 
sturg33 said:
Just remembered this.

A free market is two parties being able to trade what they want with no restrictions.

I think a great example is the EU.
Click to expand...

As an academic point, they don't trade what they want. There are significant restrictions on what they are allowed to trade. They can move goods (like cars and agricultural products, say) across borders without duties and tariffs, but they can't sell, using that example, cars that don't meet emissions standards or GMO crops.

That would certainly make the market appear less free, but I wonder if you think that it makes it less fair? Again. that's an academic question that may or may not be relevant.

Going back to my original question, what guarantees the security of the market?
 
Julio3000 said:
As an academic point, they don't trade what they want. There are significant restrictions on what they are allowed to trade. They can move goods (like cars and agricultural products, say) across borders without duties and tariffs, but they can't sell, using that example, cars that don't meet emissions standards or GMO crops.

That would certainly make the market appear less free, but I wonder if you think that it makes it less fair? Again. that's an academic question that may or may not be relevant.

Going back to my original question, what guarantees the security of the market?
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What do you mean by security? Like, enforcement of the "rules?"
 
How are the rules enforced? Also, what keeps someone from metaphorically kicking the table over and stealing everyone's money?
 
I wouldn't classify to free trade as a "rules based system."

But to honest, my knowledge on the subject of global trade isn't as great as I'd like it to be so I don't have much to discuss. I can say that I don't think protectionism is the way to bring growth
 
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Because he was born rich, Jared Kushner has been able to update his financial disclosures more than 40 times.

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sturg33 said:
I don't think economics is political.
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Everything is political. Man is, by nature, a political animal.

Anecdotally, you aren’t even able to withhold your own caricatured critiques of “the left”—much less those of your cohort—and maintain your own self-proclaimed “apolitical” standards herein (though you managed to police 57’s commentary, I see). Nothing is apolitical, indeed—but by the looks of it, you’re not even trying to be.
 
So you don’t mind undermining your entire pretense for this thread?
 
sturg33 said:
(1) I don't think economics is political.

(2) I do think politics look at economics differently.

Feel free to contribute something
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I only care about the meta-narrative, sorry.

But if I wanted to “contribute something”, I’d ask you to justify (1), and explain how (2) isn’t disjunctive with (1).
 
Last edited:
economics is math

math isn't political

some political parties understand math better than others

feel free to contribute something
 
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