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I am not claiming that austrians think markets are perfect. I did say, that austrians believe that markets produce optimal outcomes, compared to other possible
by yk 14y ago
I am not claiming that austrians think markets are perfect. I did say, that austrians believe that markets produce optimal outcomes, compared to other possible organization structures. ( So quite exactly what you say in your last paragraph.)
- nickik 14y agoOk, Im sorry then. The problem is that with optimal we usally mean theoreticly optimal in such debates. In terms of practical solution we speak of comperative advantage (in comperative institutional analysis).