Welcome to the Transitional Economics Blog. Often times free market economists extoll the virtues of the free market, and criticize the current situation. However, it isn't often we talk about how to get from our current situation to a free market.
In order to get to a free market, what policy reforms are necessary? Do all regulatory, taxes, and spending policies contrary to a free market need to be eliminated, at once? Piecemeal? If so, in what order? How would we ensure that those markets now served by a monopolistic state agency would function? How could we minimize human error, while making the necessary changes to promote freedom and human flourishing?
This blog is an attempt to get free market economists to talk about getting from here to a free market. Not just in the US, but any where in the world? Is the transition to free markets in the US the same as it would be in Uzbekistan, or anywhere else?
What free market institutions need to be in place prior to eliminating state intervention. In the case that modern welfare state institutions are eliminated, what private institutions would be needed to exist before and after?
This blog exists to answer those questions, as well as to discuss strategy on how to bring free markets throughout the world. We welcome contributions from readers in strategy, organization, and free market replacements. The goal will be to examine the necessary steps to acheive a free market, propose free market solutions, and develope a plan to replace failed governmental, and other coercive institutions.
