Free Speech & Market Signals
The increases in well-being that result from innovation and creative destruction are greatly facilitated by the open flow of knowledge in society.
Realizing the benefits of such a marketplace of ideas requires an environment that fosters learning characterized by freedom of speech and thought—particularly the ability to challenge the status quo and voice one’s dissent from current social or political practices.
The free flow of knowledge is also an essential component of our economy, the primary engine of our prosperity. Free markets based on voluntary exchange and spontaneous order take advantage of the efficient transmission of information through a system of prices and profit and loss, not distorted by subsidies or anticompetitive regulation.
Free Speech & Market Signals IN PRACTICE
Free Speech & Market Signals READINGS
The Framework for a Free Society is not a source of new concepts; rather, it is the recognition of the work of thinkers throughout history. The development of the Framework is grounded in a rich literature of both those texts that have advanced these ideas and those that have provided a contrasting world view. The following are some of the works that influenced the development of the Framework for a Free Society:
Friedman, Milton. “Economic Freedom and Political Freedom,” In Capitalism and Freedom. Chicago: The University of Chicago Press, 1962. [Interview accessed from YAFTV. “Milton Friedman on Political and Economic Freedom.” YouTube. August 19, 2009.]
Mill, John Stuart. “Chapter II: Of the Liberty of Thought and Discussion.” In On Liberty. London: Longman, Roberts, & Green, 1869. [Accessed from the Library of Economics and Liberty.]
Milton, John. “Areopagitica; A Speech of Mr. John Milton for the Liberty of Unlicenc’d Printing, to the Parlament of England.” 1644. [Accessed from Dartmouth College.]
Mises, Ludwig von. “The Economic Nature of Profit and Loss.” In Profit and Loss. South Holland, IL.: Libertarian Press, 1952. [Accessed from the Mises Institute.]
Sowell, Thomas. “The Role of Prices.” In Basic Economics: A Common Sense Guide to the Economy, 11-37. New York: Basic Books, 2015.