Free markets need a voice of their own.
WELCOME TO THE FREE MARKET CENTER JOURNAL
The complexity of markets makes them difficult to comprehend and explain. This journal will keep the conversation open so that together we can discover the advantages of markets free from intervention.
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Summary of Guiding Ideas of The Journal
Summary of the guiding ideas of The Free Market Center Journal.
PURPOSE
The purpose of The Free Market Center Journal consists of eliminating ignorance about free markets by clearly defining the principles, theories, and values governing free markets.
PRINCIPLES
- Value – All goods have value. The theory of value (below) explains the source and measure of that value.
- Individualism – Like all organisms, humans have a discrete nature. They exist as individuals, separate from all other individuals.
- Action – Humans always act in their own best interests.
THEORIES
- Subjective Value – The subject preferences of individuals provide the only source and measure of economic value. (Distinct from the principle that economic value exists.)
- Exchange – Why and how individuals trade their property to satisfy their wants.
VALUES
- Life – Every individual has a right to life.
- Liberty – Every individual has the freedom to act based on his personal preferences so long as he does not impede the freedom of other individuals.
- Property – Every individual has ownership his own body and the fruits of his own labor.