4 ms·
You can't really avoid taking a position on the distributional aspects. All "willing to sell in the marketplace" gives you is that their choice is better than t
by ThrustVectoring 9y ago
You can't really avoid taking a position on the distributional aspects. All "willing to sell in the marketplace" gives you is that their choice is better than their next-best alternative. It tells you nothing about whether the system as a whole provides fair choices and opportunities for people. It tells you nothing about whether rents are getting extracted through coercion. It passes no judgement on who gets the surpluses from trade.