2 ms·
yeah, It is really fascinating to learn about the historic and academic study of these challenges. Most of them have been explored, mapped, and debated by econ
by s1artibartfast 2y ago
yeah, It is really fascinating to learn about the historic and academic study of these challenges.
Most of them have been explored, mapped, and debated by economists in a very robust manner for 100+ years.
One interesting perspective that I gained from a recent Econtalk podcast[1] is that neither profit driven corporations or democratically governed worker collaboratives are perfectly efficient. It is rather a question of when and how the two perform or fail in contrast. It is easy to build criticisms of each when comparing it to an idealized alternative, where all of the challenges have been hand waved away, but that is a meaningless comparison.
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/ https://www.econtalk.org/does-market-failure-justify-governm...