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Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. This is why pure market solutions don't work. But
by jandrese 5y ago
Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible.
This is why pure market solutions don't work. But at the same time markets are by far the most efficient way to distribute limited resources so you want to use them as much as you can. You just have to remember that they are no good for solving problems you can't put a price on and you may have to artificially weight the market to account for side effects.
- Workaccount2 5y ago>Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. I'm saying that there is no invisible effect, just so small it can't (initially) be detected. But it is inherently additive, and one day (days, years, centuries, millennia) the market will correct for it.
- jandrese 5y agoThe ultimate market correction is when everybody is dead.