Free market and Mutualism (economic theory)

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Difference between Free market and Mutualism (economic theory)

Free market vs. Mutualism (economic theory)

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. Mutualism is an economic theory and anarchist school of thought that advocates a society with free markets and occupation and use property norms.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Benjamin Tucker

Benjamin Ricketson Tucker (April 17, 1854 – June 22, 1939) was a 19th century proponent of American individualist anarchism, which he called "unterrified Jeffersonianism," and editor and publisher of the individualist anarchist periodical Liberty.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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Cooperative

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Frédéric Bastiat

Claude-Frédéric Bastiat (29 June 1801 – 24 December 1850) was a French economist and writer who was a prominent member of the French Liberal School.

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Geolibertarianism

Geolibertarianism is a political and economic ideology that integrates libertarianism with Georgism (alternatively geoism or geonomics).

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Mutualism (economic theory)

Mutualism is an economic theory and anarchist school of thought that advocates a society with free markets and occupation and use property norms.

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Pierre-Joseph Proudhon

Pierre-Joseph Proudhon (15 January 1809 – 19 January 1865) was a French politician and the founder of mutualist philosophy.

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Ricardian socialism

Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823).

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Socialism

Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them.

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Worker cooperative

A worker cooperative, is a cooperative that is owned and self-managed by its workers.

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