>You think after hundreds of years of economic study we don't have any sort of grasp on these absolute most basic concepts? Nonetheless, even after all these h

>You think after hundreds of years of economic study we don't have any sort of grasp on these absolute most basic concepts? Nonetheless, even after all these hundreds of years of economic study, companies still make mistakes (and occasionally, commit fraud). And we still have massive economic crashes. If only everyone understood the "basic concepts", all of this would go away and we would achieve 100% economic efficiency at all times. What a pity.