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And free markets are the ultimate solution. Ultimate solution to what? There’s an entire field of economics dedicated to the way free markets can fail to allo
by pja 10y ago
And free markets are the ultimate solution.
Ultimate solution to what?
There’s an entire field of economics dedicated to the way free markets can fail to allocate resources efficiently, even when the participants are free agents acting without external constraints.
Do you think this work is false? Or do you believe that the inefficient allocation of resources is an acceptable price to pay, because “free markets” are more important than outcomes?