--- Bryan D Caplan <[EMAIL PROTECTED]> wrote: "What exactly is 'rectifying a conception'?"
It sounds like the punchline to a very, very bad joke. Begging your forgiveness, what I am trying to ask, poorly, is what is the "free market," how does it differ from the competitive market as defined in economic parlance, why do economists and economically educated people speak of the free market rather than the competitive market, and how is the free market superior to the competitive market? My inelegant phrase was intended to ask that one "put right" the apparent discrepency between two "concepts:" free vs. competitive markets. It seems that the spirit of the free market requires us to cheer, "Bully for Enron! Too bad it didn't work out!" Whereas, the spirit of the competitive market would counsel us to enforce more rigorous accounting and disclosure standards. I suggest that we do a disservice when in public we praise the former and ignore the latter. With that mess hopefully cleared up, I respectfully re-submit my question. Best to you and yours, -jsh __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com
