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(Left) Republican presidential candidate and former President Donald Trump speaks during a news conference at Trump National Bedminster Clubhouse in Bedminster, N.J., on Aug. 15, 2024. (Right) Democratic presidential candidate and Vice President Kamala Harris speaks on her policy platform in Raleigh, N.C., on Aug. 16, 2024. Michael M. Santiago/Getty Images; Grant Baldwin/Getty Images
While free markets are often cited by economists in the West as the ideal way to allocate resources, noncompetitive forces are extensive and entrenched and can work against the free market mechanism in ways that are difficult to manage politically.
Lucia Dunn is professor emerita of economics at The Ohio State University, Columbus. Prof. Dunn received her Ph.D. from the University of California at Berkeley. She was previously on the faculties of Purdue, Northwestern, and the University of Florida, Gainesville where she was the director of the Survey Program for the University of Florida Business School. Most of her published research has focused on labor market and consumer debt issues.
