3 ms·
The "necessary" level of production as far as people are able to pay for it. In the iterated free market game power is not equally distributed, which directly a
by Firadeoclus 8y ago
The "necessary" level of production as far as people are able to pay for it. In the iterated free market game power is not equally distributed, which directly affects people's ability to negotiate pay for their work.
Another way is to keep the free market as a price discovery mechanism, but introduce a mechanism that counteracts the tendency to accumulate wealth.