free market

Is competition in a free market always the best way? That idea certainly contributed to our current financial catastrophe. But one of yesterday's Nobel Prize winners for economics, Oliver Williamson, was lauded for his work suggesting that the free market isn't always the most efficient way to...

In an attention-grabbing headline, Rasmussen Reports recently announced that only 53 percent of Americans believe that capitalism is better than socialism. Apparently, 80 percent of investors allegedly root for capitalism, as do more than 90 percent of Republicans, while a whopping 30 percent of...

While reading a rant on a site by someone who considered herself "lower middle class" and therefore unable to afford certain things in life, I began to ponder where the class lines are really drawn. She quoted her earnings, and that didn't scream lower middle class. To me it was in the middle,...