For reasons to be set forth later, it is impossible to predict in advance exactly what institutions would evolve in a real-world free market. Nevertheless, one can speculate that a consumers' cooperative might be appropriate for providing a product such as medical insurance, which must be pre-defined by contract but then implemented in a complex, evolving environment. In our present highly regulated economy, this "mutual insurance" concept may be a less practical method of providing medical insurance, although it has proven successful in the field of life insurance.

So-called "nonprofit" corporations are operated for the psychic profit of their owners rather than for monetary profit. Such institutions are again fully compatible with the free-market principle. The term "nonprofit" is somewhat of a misnomer, however, inasmuch as the owners of such an institution seek to maximize their personal value scales by realizing ends that rank higher than the subjective costs of their investments. Also included within the corporation concept are organizations staffed by volunteers. In the latter, the employees realize compensation for their labor through the attainment of non-pecuniary objectives, which may have subjective value to them comparable to the salaries received by employees of other corporations.