What Arguments Are Made in Favour of a Free-Market Economy

question 81

Essay

What arguments are made in favour of a free-market economy? What are the arguments made by those who favour a large regulatory role for government? Consider issues such as economic productivity, economic inequality, and the extent of corporate welfare. Also, how do the recent corporate scandals, beginning with the collapse of the Enron energy trading company, play in to this debate?

---

Definitions:

Adaptive Coping

The utilization of effective strategies to manage stressful situations or emotions in a way that is beneficial to one’s health or well-being.

Regulate Emotions

The process of controlling or managing one's emotional reactions to situations or stimuli, often to maintain psychological well-being.

Hostility

Feelings of intense anger or antagonism towards others, which can manifest in aggressive behaviors or attitudes.

Clearly Identified Problem

A specific issue or challenge that has been explicitly recognized and defined.