Detailed View of a Free Society

Many aspects of the general structure of a free society have already been addressed, but other more specific questions are frequently raised and merit discussion. As has already been emphasized, one of the primary functions of the free market is to generate the information necessary to solve human problems in an optimal manner, and it is therefore impossible in the absence of such a market to predict all the precise details of those solutions (cf. pp. 5.4:23-4). This difficulty is not a weakness in the argument for freedom, but instead reflects one of its principal strengths—namely, that the free-market system is not locked into specific preconceived solutions to problems, but is flexible enough to apply evolving human value-preferences, ideas, and technology to them.      Next page
Previous pagePrevious Open Review window