The Power of the Market
E365800
"The Power of the Market" is a well-known chapter from Milton and Rose Friedman's book *Free to Choose* that explains how free-market mechanisms coordinate economic activity and promote individual freedom.
All labels observed (1)
| Label | Occurrences |
|---|---|
| The Power of the Market canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3517573 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Power of the Market Context triple: [Free to Choose, notableChapter, The Power of the Market]
-
A.
Triumph of the Market
Triumph of the Market is a critical work by economist and media analyst Edward S. Herman that examines the social and political consequences of neoliberal, market-driven policies.
-
B.
People, Power, and Profits
People, Power, and Profits is a book by economist Joseph Stiglitz that critiques contemporary capitalism and proposes reforms to create a fairer, more inclusive economy and democracy.
-
C.
Grand Pursuit: The Story of Economic Genius
Grand Pursuit: The Story of Economic Genius is a narrative history book by Sylvia Nasar that traces the development of modern economic thought through the lives and ideas of influential economists.
-
D.
Power and Market
Power and Market is an influential libertarian economic treatise by Murray Rothbard that systematically critiques government intervention and advocates for a pure free-market system.
-
E.
Animal Spirits
"Animal Spirits" is an influential economics book by George A. Akerlof and Robert J. Shiller that explores how psychological factors and human emotions drive economic decisions and market outcomes.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Power of the Market Target entity description: "The Power of the Market" is a well-known chapter from Milton and Rose Friedman's book *Free to Choose* that explains how free-market mechanisms coordinate economic activity and promote individual freedom.
-
A.
Triumph of the Market
Triumph of the Market is a critical work by economist and media analyst Edward S. Herman that examines the social and political consequences of neoliberal, market-driven policies.
-
B.
People, Power, and Profits
People, Power, and Profits is a book by economist Joseph Stiglitz that critiques contemporary capitalism and proposes reforms to create a fairer, more inclusive economy and democracy.
-
C.
Grand Pursuit: The Story of Economic Genius
Grand Pursuit: The Story of Economic Genius is a narrative history book by Sylvia Nasar that traces the development of modern economic thought through the lives and ideas of influential economists.
-
D.
Power and Market
Power and Market is an influential libertarian economic treatise by Murray Rothbard that systematically critiques government intervention and advocates for a pure free-market system.
-
E.
Animal Spirits
"Animal Spirits" is an influential economics book by George A. Akerlof and Robert J. Shiller that explores how psychological factors and human emotions drive economic decisions and market outcomes.
- F. None of above. chosen
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
book chapter
ⓘ
non-fiction chapter ⓘ |
| advocates |
free-market capitalism
ⓘ
minimal government regulation of prices ⓘ |
| associatedWork |
Free to Choose (book)
ⓘ
linked to:
Free to Choose
|
| author |
Milton Friedman
ⓘ
Rose Friedman ⓘ |
| countryOfOrigin |
United States
ⓘ
linked to:
United States of America
|
| criticizes |
government intervention in markets
ⓘ
price controls ⓘ |
| explains |
how free markets promote efficiency
ⓘ
how free markets promote individual liberty ⓘ how markets coordinate decentralized decisions ⓘ how prices transmit information ⓘ |
| genre |
economics literature
ⓘ
popular economics ⓘ |
| hasPerspective | pro-market ⓘ |
| hasTheme |
decentralized decision-making
ⓘ
relationship between economic and political freedom ⓘ role of prices in resource allocation ⓘ spontaneous order ⓘ |
| illustrates |
the role of incentives in markets
ⓘ
unintended consequences of regulation ⓘ |
| includedIn |
Free to Choose: A Personal Statement
ⓘ
linked to:
Free to Choose
|
| influencedBy |
Chicago school of economics
ⓘ
linked to:
Chicago School economics
classical liberalism ⓘ |
| language | English ⓘ |
| mainSubject |
competition
ⓘ
economic freedom ⓘ free market ⓘ individual freedom ⓘ invisible hand ⓘ limited government ⓘ market coordination ⓘ price system ⓘ voluntary exchange ⓘ |
| mediaType |
print
ⓘ
text ⓘ |
| partOf | Free to Choose ⓘ |
| publicationYear | 1980 ⓘ |
| targetAudience |
general readers
ⓘ
students of economics ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Power of the Market Description of subject: "The Power of the Market" is a well-known chapter from Milton and Rose Friedman's book *Free to Choose* that explains how free-market mechanisms coordinate economic activity and promote individual freedom.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.