free market

Econ 101 Does Not Only Justify Free Market Policies

In a recent Straits Times article, Benjamin Goh and Donald Low warned readers against the use of simplified economic theory in informing public policy. They point out that economic proposals such as free trade benefiting society and the minimum wage reducing employment may in fact simply be expressions of ‘the speaker’s ideology or dogma’, and…
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There is No Such Thing as Trickle-Down Economics

Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to describe ourselves. The most common of these is ‘neo-liberal’ or ‘neo-liberalism’, which appears to mean whatever the critics wish it to mean to describe ideas they don’t like. To the extent the terms have clear…
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