Yes, it means there might be a technically inaccuracy in the use of that term [1]. But the substantive point is still sound, and it would be a mistake to miss t

Yes, it means there might be a technically inaccuracy in the use of that term [1]. But the substantive point is still sound, and it would be a mistake to miss that point merely because of such a technicality. [1] But even that would be dubious. It’s actually closer to the technical economic meaning of “shortage” when artificial effects prevent exchanges that would otherwise happen.