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The problem is in my opinion that the price fulfills too many tasks at once, it is a measure of work and resources required for the production of goods, it is u
by danbruc 5y ago
The problem is in my opinion that the price fulfills too many tasks at once, it is a measure of work and resources required for the production of goods, it is used as measure of value or utility a consumer assigns to the goods, it is used to decide how goods of limited supply are distributed, and there may be more things upon careful inspection. The problem is that those aspects do not align in a good way all the time and that there are no or no strong enough forces to fix this.