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This is an old revision of this page, as edited by StringCheesian (talk | contribs) at 19:42, 27 February 2006 (→neutrality). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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I will continue to expand this page later tommorrow...much more to come. (Gibby 06:48, 7 February 2006 (UTC))

Underground economy

"The theoretical model of a large-scale free market economy does not occur legally, however the underground economy may be seen as an actualized free market economy."

"May be seen as" is pretty weaselly. A windmill may be seen as a giant waving its arms. Can we cite someone as claiming this? I have my doubts: "free market" presumably means "free from coercion" not just "free from taxes". In my experience, black markets are seldom free from coercion. - Jmabel | Talk 06:09, 14 February 2006 (UTC)

Underground economy and black market don't have the same connotations. Underground economy is a market where trade simply takes place without government taking a cut. Hiring a worker without filing out government forms and paying him in cash, garage sales, selling stuff on Ebay, etc. RJII 16:26, 14 February 2006 (UTC)

Again: do you have a citation for "may be seen"? - Jmabel | Talk 22:59, 20 February 2006 (UTC)

neutrality

The neutrality complaint is stupid. The arguement being made is that it presents the "libertarian view point" on markets. I disagree, I think that by reporting what Hayek and Friedman state about the market is accurate. They, afterall, are economists. Discussing how market transactions are voluntary does not mean that social market theorists are any less valid. Likely they would agree (otherwise they'd get rid of the market and be called Socialists!!!!) There is a section that discusses market externalities, a section that discusses market participation and a section about the free market. There is not much to complain about but the factual reporting of market operations. (personal attack removed) (Gibby 22:05, 25 February 2006 (UTC))

The neutrality complaint may be valid, but no-one can say whether it is or not because the user has not brought their issues to the Talk page in accordance with established procedure for using that template. I've notified Nikodemos on their Talk page that they need to engage on this Talk page in debate about specific NPOV issues. If they choose not to I will remove the template in a few days. — Saxifrage ✎ 01:00, 27 February 2006 (UTC)

Reporting what economists Hayek and Friedman say about market economies is not POV or non neutral. (Gibby 02:33, 27 February 2006 (UTC))

The neutrality complaint was strange per se: I've altered it slightly, so that it does not read "gives to much weight to the views of economists, for example...", which implies that giving weight to the views of economists is a shocking thing. That said, I'm assuming you've seen through the grammar. --Nema Fakei 02:56, 27 February 2006 (UTC)

It was someone elses complaint. They had "free market advocates" which is actually a POV representation of them since Hayek and Friedman are by their job definition, economists. When you state the plain truth "the overwhelming vies of economists, such as Friedman and Hayek" well you just wonder exactly why they are commenting on something so related to economics like markets. The original complaint is bogus. Its made by a non-market believer who really hates anything market especially if it argues free market. (Gibby 02:59, 27 February 2006 (UTC))

It is difficult to identify specific problems within the article, because it is biased to such a degree that it requires a complete rework. Half of it is dedicated to "criticism of alternatives" (which seems a convulted way of referring to advocacy of market economics), while the rest of it presents very little information explaining how a market economy actually works. As it stands now, this article only discusses free market capitalism, which makes it redundant with the capitalism and free market articles. Furthermore, Milton Friedman is cited 32 times. The only other economists mentioned in the article are F.A. Hayek (five times), Adam Smith (twice) and Hernando De Soto (once). I find it particularly outrageous that neither Ricardo nor Keynes are given so much as a nod. In total, there are 47 paragraphs in this article, and Milton Friedman's views are discussed in 24 of them. That means the article is roughly 50% Friedman and 50% all others (and those others share Friedman's POV to a large extent). -- Nikodemos 04:36, 27 February 2006 (UTC)

I propose that we start reworking the article from the ground up; much of the information about Friedman's views should be moved to the Milton Friedman article or Chicago school. -- Nikodemos 04:51, 27 February 2006 (UTC)

See Criticism_of_communism for an example of Nikodemos's work. Very well sourced, but reflects his personal biases. To me, that article doesn't read like an objective encyclopedia entry, and I'm worried about what's going to happen to this one. — Preceding unsigned comment added by 69.231.250.214 (talk • contribs)

I did not know I was so interesting that I have anon users watching me. But, in any case, if your only objection is that you do not like my writing, then you are more than welcome to help edit this article yourself. In fact, I do not look forward to the daunting task of re-writing it, and I could use all the help I can get. -- Nikodemos 13:53, 27 February 2006 (UTC)

It was me (I'm logged in now). I don't think it needs re-writing. I agree with Nema Fakei. -- StringCheesian 27 February 2006

Alternative reading

I would not necessarily say that what Nikodemos is (/should be?) disputing is an issue of neutrality, but a question of relevance. This article should not even be discussing the pros and cons of a market economy (which would belong in a criticism article or, better, articles on variant theories), but rather discussing the definition of a market economy: What does it entail? What can be part of a market? What does and does not count as a market economy? To this end, we should represent the influences of such as Friedman and Hayek (being careful to avoid adopting their POV) more than Marx, just as the latter would be expected to feature heavily in Communism. However, we should also avoid defining a 'Market Economy' purely by how the theorists want it to work: markets have been around before the theorists, so this article should be describing market economies, not just 'Theories about Market economies' - those belong in their own pages, along with the pros and cons of each. So no, I disagree with Nikodemos' idea of NPOV by balancing two POVs: we should strive to make this article descriptive instead of prescriptive.--Nema Fakei 15:01, 27 February 2006 (UTC)