4 ms·
Yes nobody is denying that these arent reality. They're models, and you get far more sophisticated models after econ 101
by vikramkr 7y ago
Yes nobody is denying that these arent reality. They're models, and you get far more sophisticated models after econ 101
- hutzlibu 7y agoOk. But then we are back at the beginning: "In a perfect free market the oil producers make zero profits" where this statement does not make sense, unless you apply weird economic definitions.
- vikramkr 7y agoRight, never said that was attainable or good. The point is that some people view perfect free markets as the ideal, and this is a move towards that, so people might view the market as getting g fixed rather than being broken.