5 ms·
free market does not maximize anything. it just is. fairness is not in the equation. free market (or something similar) is just good enough way to organize econ
by nytgop77 5y ago
free market does not maximize anything. it just is. fairness is not in the equation. free market (or something similar) is just good enough way to organize economy with good enough outcomes.
- nicoburns 5y ago> free market does not maximize anything. That's a little too strong. It doesn't maximise efficiency of outcomes. But it does (more or less) maximise profit under free-market rules.