Too often, freedom’s advocates extol the price mechanism as the sole means by which diverse, decentralized groups in society can be organized. However, a case can be made that non-market private cooperation plays an even greater role than market exchange.

Michael C. Munger is Senior Fellow and former co-editor of The Independent Review at the Independent Institute, and Professor of Political Science, Economics and Public Policy and Director of the Philosophy, Politics, and Economics Program at Duke University.
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Other Independent Review articles by Michael C. Munger
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