Yeah there is, they are just really small. Just the other day I asked if someone would come in on their day off from work in order to cover for me. I paid them, and they performed the service. All this went down without any government intervention, coercion, or use of force.
If you mean that there is not a single country on Earth that contains ONLY free markets then you are absolutely right.
Just the other day I asked if someone would come in on their day off from work in order to cover for me. I paid them, and they performed the service. All this went down without any government intervention, coercion, or use of force.
I see a dilemma here.
If I think of your transaction in isolation, it’s free but not a market: it’s a bargaining problem.
If I think of your transaction as part of the broader labour market, it’s not really free; it’s influenced by government regulations & macroeconomic policies, if only through their effects on the general price level, the general wage level, and the supply & demand for labour.
I reckon your transaction is an example of what mtraven’s talking about rather than a counterexample!
Yeah there is, they are just really small. Just the other day I asked if someone would come in on their day off from work in order to cover for me. I paid them, and they performed the service. All this went down without any government intervention, coercion, or use of force.
If you mean that there is not a single country on Earth that contains ONLY free markets then you are absolutely right.
I see a dilemma here.
If I think of your transaction in isolation, it’s free but not a market: it’s a bargaining problem.
If I think of your transaction as part of the broader labour market, it’s not really free; it’s influenced by government regulations & macroeconomic policies, if only through their effects on the general price level, the general wage level, and the supply & demand for labour.
I reckon your transaction is an example of what mtraven’s talking about rather than a counterexample!