But whatever free-market advocates might say, community rating, though controversial in theory, is actually the norm in America today.

Even free-market advocates are changing their tone.

Much more than economists and free-market advocates like to imagine, wages - particularly at the top - are determined by social norms.

Even the most fervent free-market advocates should recognize that there must be short-term steps taken now to stabilize the market.

It will bring about change in the long run, the executives and free-market advocates insist.

In response to the new defenders of Smith's legacy, free-market advocates say they still prefer their emphasis on the conservative aspects of his thought.

When this free-market advocate was inaugurated President in March of 1990, he vowed to privatize one state company a month.

Contrary to the naïve hopes of some free-market advocates, the book argues, removing government controls isn't enough.

But some free-market advocates also distinguish between the free-market price and the right cost of oil for the American economy.

A third way to reorganize the system, favored by some free-market advocates, would require individuals to buy their own insurance, with tax incentives related to income.