Prosperity 268 Bath Street, Glasgow, G2 4JR: Tel: 0141 332 2214, Fax: 0141 353 6900, [email protected]

Economic Reform COMER Publications, 245 Carlaw Avenue, Suite 107 Toronto, ON M4M 2S6

Land and Liberty 427 London Fruit and Wool Exchange, Brushfield Street, London E1 6EL

Monetary Reform RR2, Shanty Bay, Ontario, Canada L0L 2L0

Freedom, Freedom Press, 84b Whitechapel High Street, London E1 7QX

Reommended reading on the Net:


This essay was originally created for the Swiss Money Museum Web site

( ) in mid 1999 by Stephen Zarlenga

copyright 2000, AMI

'An Abbreviated Monetary History of the US: Part 1' by Stephen Zarlenga on

Monetary reform on the web:

Social Credit on:

British Association for Monetary Reform on:

Ordering details for the The Money Masters video, and other matters, on:

Land Tax::

Call for Papers for a Conference:

Exploring the Market Analogy

To be held in central England in the summer of 2002

In an industrial economy the idea of the ‘market’ as a mechanism for the distribution of goods was never more than an analogy. The benefits of the market are assumed on the basis of a system that was never real. So what are markets really like, and how closely does the system of distribution of goods within a developed capitalist economy resemble one? Can the requirements of a market ever be found for the distribution of complex goods and services? If the market is bound to fail in some areas, what alternative systems of distribution can we propose?

Part I. Market Failures: Anatomy of the Existing Market System

Adam Smith's local market vs. the global market

Branding and market power

Complex technology and barriers to entry

Mergers and competition policy: how is competitiveness ensured?

Part II. How Far Can the Market Analogy Stretch?

Privatisation of public monopolies

Privatising health care

GATS and the international market for services


Can there be a market for people that is not slavery? The modern labour market.

Part III. Alternatives to Markets

Consumers cooperatives

Lessons from the dark ages of capitalism

The development of the market system in Central and Eastern Europe

Stone Age Economics: insights from primitive societies

Locally based methods of exchange.

Speakers who have already confirmed that they will be coming to the conference include: Richard Douthwaite from FEASTA and author of The

Growth Illusion and Short Circuit, Helena Norberg-Hodge of the International Society for Ecology and Culture, Rosamund Stock from the LSE, a representative from the New Economics Foundation, and Molly Scott Cato, economics speaker for the Green Party.

The conference will take place over a weekend in the summer. We will stay together and find plenty of time and space to discuss ideas informally.

We would welcome further papers on the themes listed above or related subjects. Participants are requested to provide a written version of their paper for a book that will be used to spread these ideas.

Responses to: Molly Scott Cato, at Green Audit, Castle Cottage, Seaview Place, Aberystwyth, SY23 1PU phone 01970 639316 or e-mail [email protected]