3 ms·
I'm not an economics major, so forgive the possibly 'not even wrong' question: but does anyone know if there is a term for the phenomenon that price, as represe
by ChainOfFools 8y ago
I'm not an economics major, so forgive the possibly 'not even wrong' question: but does anyone know if there is a term for the phenomenon that price, as represented in currency, is really a lagging indicator of total value to the market, as the market has yet to digest and sum over all of the intangible value of a given 'something' into a single agreed-upon numerical metric that can the used for trade?
- tCfD 8y agoHow about EcMH - the "Eventually-consistent" Market Hypothesis /s-orry Bogleheads, couldn't resist :D