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The constitution also sets up free movement of labor among states. It works great too! "The Law of Supply and Demand" was unknown to the Romans or various midd
by PaulDavisThe1st 2y ago
The constitution also sets up free movement of labor among states. It works great too!
"The Law of Supply and Demand" was unknown to the Romans or various middle Eastern empires (just two examples), whose economies worked in entirely different ways from those that followed the mercantilist period in Europe, and became canonized by Smith et al.
- WalterBright 2y ago> "The Law of Supply and Demand" was unknown to the Romans So was the law of gravity, but gravity still ruled their lives. > whose economies worked in entirely different ways The Law of Supply and Demand applies to all economic systems.
- PaulDavisThe1st 2y ago> So was the law of gravity, but gravity still ruled their lives. I expected a better response from you. > The Law of Supply and Demand applies to all economic systems. False. Well, false for some well known versions of whatever "the law of supply and demand" is. There are all kinds of reasons why the retail cost of goods are not an inverse linear function of their supply; ditto for the retail cost of labor. Why do you feel this need to reduce complex systems to vapid platitudes?