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>According to the idealized free-market theory Calling this a "theory" is giving it more credit than is warranted. It's largely an experienced opinion and the
by loewenskind 16y ago
>According to the idealized free-market theory
Calling this a "theory" is giving it more credit than is warranted. It's largely an experienced opinion and the only kind of falsification you can do on it is see if implementing parts of it cause society to implode.
- shasta 16y agoThe term "idealized free-market theory" refers to the study of a mathematical model, much like "group theory" refers to the study of groups. It's not a falsible scientific theory that asserts that the model matches reality to any extent.