Most financial market economists subscribe to that view, with the consensus of estimates expecting a recovery in output by the fourth quarter at the latest.

Free market economists tend to believe that capital accumulation should be not be managed by government, but instead be determined by market forces.

In the 1970s free market economists became increasingly successful in persuading their colleagues that capital controls were in the main harmful.

Market economists generally criticise socialism for eliminating the free market and its price signals, which they consider necessary for rational economic calculation.

Market economists also argue that protection denies a nation's own consumers the opportunity to buy at cheaper market prices when quotas or tariffs are imposed on imports.