Philosophers and Free Markets: The Market Facing Philosopher

Have you ever thought about how a philosopher might fit inside markets, outside of academia?

I think philosophy should be a kind of service to people, and this is why I’m talking about free markets. I know this might seem like an odd position to have for an academic, as many academics like to say not-so-flattering things about the Free-market. In terms of numbers derived from polling data,  for instance, most academics don’t like the free markets (except for good economists). But this is a mistake, and strange for many reasons. Free markets are about goods and services, where a person thrives if and only if a person or group of persons helps other people thrive, providing them with something that enriches their lives (otherwise, why would they willingly part with their time and money?). Additionally, free markets are about rational persuasion and voluntary transactions (if I can’t convince you that my information, services, or products are worth your time and money, then I don’t get your support). I think that philosophy is a great benefit to humanity, to those that get acquainted by it, and that good philosophy definitely enriches their lives. For this reason, that good philosophy really does enrich everybody’s life, I want to be a Free-market philosopher.

That is, if I’m ‘market-facing,’ as economists call it, then if I provide a good product (my philosophy), then success will be reflected by my support from voluntary transactions from responsible adults that value what I’m providing. In this case, I desire to occupy a space between the Ivory Tower academics and the working person in the real world. The market space for philosophers, I think, is not typically operating in this sphere (I’m guessing that this niche is not exactly saturated). Contrast this to coerced transactions, where a body of persons, assign the worth of somebody’s goods or services, and those goods or services don’t have responsive feedback from the market.

Think about the cost of an x-ray or the way a professor is hired. The costs and processes ‘behind the scenes’ aren’t in the open, and usually, the only way things get checked by the public (market place) is if something goes terribly wrong (x-ray machine explodes, or professor gets involved in a scandal). However, free-market mechanisms directly connect to the products being provided, and their prices. Good products have positive feedback, signaling to everyone in the market that there is money to be made there. Bad products don’t last, or their prices get reduced. Artificially coerced prices (government set prices) can get away with crappy products because there is no market feedback. Only artificially-coerced products and services can remain crappy, and still be sold at a high price (hence the problems with artificially fixing prices, and the dangers of mucking with the free-market; interested in this, see recommendation below). Free-markets tend to lower costs and increase efficiency because high prices indicate that money can be made wherever the prices are high. So, free-markets tell producers where and what to produce, and the whole of the market pushes enterprising people to increase efficiency where the profits can be found (where prices are high).

I will provide some articles on the free market later, but for my present purposes, I think that good philosophy is a great benefit to all, and that it can be defended and promoted in the free market. And this is basically what my philosophy is about. I’ll provide a bunch of philosophical articles tailored to my audience (i.e. human beings), who are interested in the clarification, simplification, and unity, to their own lives. If you like what you see, you can share my links and comment (you won’t have to buy a $100 book, because the academic superpowers decided that you should add that to your mountain of debt). Interested in the types of philosophy that I’m working in? Check out this article here: Philosophy for All, Between the Ivory Tower and the Working Man 

Interested in Free Market Discussion?:

Tom Woods: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

Or, for free stuff: check out Tom Wood’s podcast: