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> That is wishful thinking. No, it’s pretty basic capitalist market economic theory. The invisible hand of the market doesn’t work at an acceptable pace for so
by 9wzYQbTYsAIc 5y ago
> That is wishful thinking.
No, it’s pretty basic capitalist market economic theory. The invisible hand of the market doesn’t work at an acceptable pace for some issues, but the theory is likely sound on the evolutionary scale of time.
- passivate 5y agoIt might be applicable in select situations - but I don't agree that its some kind of universal law. I view it as an opinion.
- 9wzYQbTYsAIc 5y agoMay I remind you that if one is to treat economics as a science, then market theory is more than just opinion. Opinions lead to hypothesis which lead to theories which lead to laws.
- passivate 5y agoI suppose myperspective of what constitutes laws/theories is skewed after working in science/biotech. I'll let you have the last word, have a nice day.
- 9wzYQbTYsAIc 5y agoWhy thank you - my last word is that having been through four year programs for two sciences, I can understand your sentiment that the general lay public and even the general non-lay public have misconceptions about what a theory is and what a hypothesis is.