Nobody talks about the assumptions behind free markets better than Mark Thoma, who has a new piece on the subject. It really should be required reading, because it sets the pattern of regulations that all society's develop in context and makes it hard to have an absolutist view on a lot of subjects.
At the same time, it appropriately acknowledges just how powerful this process can be when the necessary preconditions exist.
Schlock Mercenary: February 23, 2017
31 minutes ago