Exposition

Contents


The Free Market Center provides accurate and clear explanations of the actual structure and processes of free markets. Exposition provide the primary method for achieving that purpose.


Exposition (the act of expounding, setting forth, or explaining: the exposition of a point of view) describes a primary method for the explaining that we do here at The Free Market Center. I have divided these explanations into the following sections:

Market Exchange

Without open markets and the ability to make exchanges, an economic system could not prosper and grow. In this section I will examine important aspects of the process of market exchange.

Money & Banking

Money acts as a medium of indirect exchange. Banking represents the process through which most economies conduct most money transactions.

Market Intervention

Market intervention consists of the interference with the natural process of exchange. Intervention comes mostly from government. It leads to less efficient allocation of economic resources and the loss of liberty.

Schools of Economics

Economists seem to have difficulty agreeing on even basic assumptions about market behavior. They tend to classify their thinking according to various "schools." The study of economics has several schools of thought. This section describes some of those schools as a comparison with the Austrian methodology advocated here.