3 ms·

Markets don't solve coordination problems

• kelseyfrog 7mo ago
  What are you talking about? Markets solve the distribution and valuation coordination problem by price signaling. That's the whole shtick.
  • mindslight 7mo ago
    Markets are a heuristic for solving some computationally hard problems. Heuristics get stuck in local optima. Overcoming local optima is presumably what GP meant by coordination problem.