Patrick Schurmann's List: Market Economy Summary Assignment

Economic freedom is simply a requisite for political freedom. By enabling people  to cooperate with one another without coercion or central direction it reduces  the area over which political power is exercised"Friedman, Milton and Rose  Friedman

Albert says that in a market economy, even if everyone started out with a balanced job  complex (doing a mix of roles of varying creativity, responsibility and  empowerment), class divisions would arise, as some will be more able than others  to capture the benefits of economic gain: if one worker designs cars and another  builds them, the designer will use his cognitive skills more frequently than the  builder. In the long term, the designer will become more adept at conceptual  work than the builder, giving the designer greater bargaining power in a firm  over the distribution of income. A conceptual worker who is not satisfied with  his income can threaten to work for a company that will pay him more, thus class  divisions arise