THE DEVELOPMENT OF A FREE MARKET ECONOMY

The Development of a Free Market Economy

The Development of a Free Market Economy

Introduction

The market economy means an economic system where decisions of production, exchange and allocation of goods and services are scarce determined using information derived from the free interaction of supply and demand established by market forces.

With reference to economic and social theory called "social market economy", it should be framed in the troubled fate that has affected the long march of modern liberalism Continental.

In favor of free market economy

The free market economy is a form of economic order based on the basic ideas of classical liberalism. The state waives intervention in the economy and the markets. Its job is primarily to ensure the individual freedom of action through the creation of contractual freedom, economic freedom, freedom of movement, freedom of international trade and ensuring the right to property.

American social-economic systems that can be based on a profit economy do not think anyone denies it. Thus, it is a fact that the state's only responsibility, protection, safety and property are to ensure the citizens to provide a means of payment and the legal system ("night-watchman state"). The state provides economic influence, and leaves the control of the economy alone, the market, ie the law of supply and demand. Characteristics of the free market economy such as the private ownership of the means of production, free competition, free pricing, freedom of trade and consumer freedom.

The market economy can be readily associated with economic liberalism. Clearly a market for guess-work efficiently is an expression of respect and initiative agent's suppliers and demanders. It is also obvious as blind trust mechanisms totally spontaneous and/or deregulated market has experienced (Murphy, 2005).

In relation with “The Death of a Salesman”

In Death of a Salesman, Miller focuses on the relationship between society and the individual's concept of self. The play is a scathing critique of the American Dream and the competitive, materialistic American society of the late 1940s. As a consequence of living in a capitalistic society that emphasizes materialistic values, Willy Loman has a defective sense of self. He can be obsessed not only with financial success but also, more specifically, with appearances and impressions and with can be considered important and “well-liked” by others. Willy passes these superficial values on to his two sons, Biff and Happy. In the course of the play, Biff becomes more aware of his real needs and feelings and frees himself from this destructive concept of self. Only then is Biff able to care more deeply for his father, and he breaks down and cries in his arms. Willy can be moved by his son's love, but his understanding is incomplete, as becomes clear when he commits suicide under the impression that this is the only way to give Biff financial prosperity. At the play's end, it is clear that Biff will heal himself and go back out West to find work that suits his genuine concept of self, while Happy will ...