Free Market
The Free Market cluster focuses on relationships between the free market, the operation of the Invisible Hand, and the fallacy of composition.
- Invisible Hand. Specific conditions support automatic adjustments in marketplace.
- Design without Designer. Goods and services produced match with goods and services desired.
- Fallacy of Composition. While the Invisible Hand adjusts the market, individual desires often plan under the original market conditions.
- Good for One. When each person does what’s best for them, the net result can be worse for each.
- The Invisible Hand’s Scar. Selfish individuals and corporations violate free market conditions to game the situation
![Stock market floor trading before electronic operations](https://www.rhamill.com/wp-content/uploads/2020/10/Free-Market-Cluster-NY_stock_exchange_traders_floor_LC-U9-10548-6.jpg)
Image of stock market trading before electronic trading. Thomas J. O’Halloran, photographer, Public domain, via Wikimedia Commons