Tuesday, July 23, 2013

The Free Market and Its Enemy


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In The Free Market and its Enemy, Leonard E. Read expounds some aspects of free exchange and puts forward some interesting speculations on the resistance to its acceptance. In these days, when the exponents of economic control have almost a monopoly of publicity, their advantage lies in the use of vague terms by which they can impute sinister motives to their opponents and wisdom to themselves. Freedom of trade is often wrongly pictured as cut-throat competition leading to economic chaos and unemployment. In this book, Read attempts to explain the truth, noting that it is in fact government intervention that causes the above stated problems. Truly free markets, not having to worry about government intervention, provide the real solutions to prosperity.


  • Leonard E. Read (1898-1983) was the founder of FEE, and the author of 29 works, including the classic parable “I, Pencil.”