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By that definition the market can never solve anything because there is some overlying system of property rights, government or not. But any economist worth th
by nickik 8y ago
By that definition the market can never solve anything because there is some overlying system of property rights, government or not.
But any economist worth their salt would never discussed these issues in the simple market<->government paradigm because it simply breaks down.
There is lots of research on property rights and institutions, whole sub-fields of economics are devoted to it you are vastly oversimplifying and projecting a idealistic view of government and their intensives.
- 3pt14159 8y agoI was responding to a simplification. It is of course more complex that I'd expressed, but I tailored my criticism in the least convoluted way I could to make the point. If you want to talk about political economy, international IP law, and Hobbesian traps we can, but it's fruitless when someone is saying that the market can "easily" solve environmental concerns.