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It's funny as a economist people thinking that the free market is some kind of god, that the invisible hand is infallible. He never argued markets work without
by braiamp 7mo ago
It's funny as a economist people thinking that the free market is some kind of god, that the invisible hand is infallible. He never argued markets work without institutions. He believed governments must enforce justice, prevent monopolies, and provide public goods for markets to function properly.