A Free Market Requires Voluntary Actions

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A Free Market Requires Voluntary Actions

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dc.contributor.author Sløk-Madsen, Stefan K.
dc.date.accessioned 2017-05-30T10:55:36Z
dc.date.available 2017-05-30T10:55:36Z
dc.date.issued 2017-05-30
dc.identifier.uri http://hdl.handle.net/10398/9491
dc.description.abstract This paper draws attention to the importance of the understanding of voluntary actions in the free market construct. Failing to understand the role of voluntary actions in the free market construct will often result in discussions of capitalism versus socialism focusing on asset ownership and not consumer sovereignty. I argue that asset ownership is less important than true consumer sovereignty, which again is the essential argument for why capitalism is the superior mode of resource allocation and social organization. The paper analyzes how our understanding of markets and voluntary actions are essential to the construct of consumer sovereignty. Understanding the degree of voluntary actions in a given commercial setting has implications for both business strategy and policy making. This paper thus aims to contribute to explain why restricted markets become crony capitalism. en_US
dc.format.extent 14 en_US
dc.language eng en_US
dc.subject.other Commercialization en_US
dc.subject.other Free markets en_US
dc.subject.other Strategy en_US
dc.subject.other Sales en_US
dc.subject.other Public policy en_US
dc.subject.other Consumer sovereignty en_US
dc.subject.other Social orders en_US
dc.subject.other Language studies en_US
dc.title A Free Market Requires Voluntary Actions en_US
dc.type cp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Innovation og Organisationsøkonomi en_US
dc.contributor.departmentshort INO en_US
dc.contributor.departmentuk Department of Innovation and Organizational Economics en_US
dc.contributor.departmentukshort INO en_US
dc.description.notes Essay-style Submission for the Association of Private Enterprice Annual Meeting Conference (APEE). Las Vegas, USA. 2016. en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2016 en_US


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