Articles & blogs on understanding markets

Category: understanding markets


The 21st century presents challenges that the European market economy seems unable to resolve, sowing dissatisfaction and opening the door for populists and authoritarian forces. To address these challenges, we must change our conception of the market economy and its relation to the state. Free markets will not miraculously solve or even address pressing issues. Instead of free markets, we must ensure competitive markets; instead of a value-free economy, we must embrace a normative economy that explicitly directs competitive markets towards the issues most pressing to European citizens.

Nominated essay in the category young scholars of the Future Markets Consultation essay contest

The Market Is Not Our Master — Only State-Led Business Cooperation Will Drive Real Economic Recovery

“Market-shaping still preserves the beauty of markets as mechanisms that enable the generation of wealth like no other, and which reward entrepreneurship and innovation. And as long as they are shaped to deliver positive outcomes, markets can avoid the blunt instrument of over-regulation. By extension, market-shaping is best achieved by multiple actors coming together and collaborating to achieve a shared goal. Much as multi-lateral international cooperation will defeat COVID-19 more effectively than countries going it alone, economic recovery will happen faster with collective action.”

The Psychological Mechanisms behind the Workings of the Invisible Hand

Part [part not set] of 4 in series "'Good Markets' book interviews"

What economist and business ethicist Johan Graafland likes about The Theory of Moral Sentiments (1759) by philosopher and economist Adam Smith, is that it displays an enormous understanding of human nature and that he makes you reconsider your point of view times and again. A book interview.


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