What is a market economy?

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  • Robert Litan on what is a market economy

    Robert Litan is the Vice President for Research and Policy at the Kauffman Foundation and a Senior Fellow in Economic Studies at the Brookings Institution. During his career, Dr. Litan has authored or co-authored 22 books, edited another 15, and authored or co-authored over 200 articles in journals, magazines, and newspapers. Since the onset of the financial crisis, he has authored or co-authored a number of essays on financial reforms for the Brookings website (www.brookings.edu).

    Dr. Litan has served in several capacities in the federal government: as Associate Director of the Office of Management and Budget, Deputy Assistant Attorney General, Antitrust Division, Department of Justice; and Staff Economist, Council of Economic Advisers. He received his B.S. in Economics (summa cum laude) from the Wharton School of Finance at the University of Pennsylvania; his J.D. from Yale Law School; and both his M. Phil. and Ph.D. in Economics from Yale University.

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Materials presented on this website are based on the conference held in Washington D.C. celebrating the 25th anniversary of the Center for International Private Enterprise (CIPE). The conference brought together leading practitioners, thinkers, and policymakers to build a greater understanding of the meaning of democracy beyond elections as well as the meaning of economic growth that is both inclusive and sustainable. CIPE strengthens democracy around the globe through private enterprise and market-oriented reform. CIPE is one of the four core institutes of the National Endowment for Democracy. For 25 years, CIPE has worked with business leaders, policymakers, and journalists to build the civic institutions vital to a democratic society. CIPE's key program areas include anti-corruption, advocacy, business associations, corporate governance, democratic governance, access to information, the informal sector and property rights, and women and youth. CIPE programs are supported by the National Endowment for Democracy, the U.S. Agency for International Development, the U.S. Embassy in Iraq Office for Private Sector Development, and the Middle East Partnership Initiative.