The author of the course textbook, Dr. Thomas Sowell, defines free markets as the “most revolutionary concept to emerge in the long history of ideas.” In F.A. Hayek’s Road to Serfdom, free markets are defined as “the only mechanism that has ever been discovered for achieving participatory democracy.” The topic of free markets is very relevant to any discussion of Classical Economics; it provides context for the entire period and at times a point of demarcation for many well-known economists of the period.
When writing your Critical Writing Assignment, you must define and discuss a free market; this will provide context and a starting point for your paper. Choose any number of classical economists for your paper, but you must discuss how at least 2 of them address free markets. This assignment must address each Classical Economist (Ricardo, Marx, and Mill) separately.
Must be a minimum of 1,000 words and cite 3 sources