2 ms·
Even in free markets, the individuals may act in non financially-optimized ways. If people only used money to advance their financial interests, no one would f
by nickff 13y ago
Even in free markets, the individuals may act in non financially-optimized ways. If people only used money to advance their financial interests, no one would found a charity, or volunteer, or even go to a theme park. Even for-profit companies may be founded for reasons other than accruing wealth for the shareholders.[1]
>"[D]ecisions are often made based on information other than price"
Price is one of the most important sources of information, as Mises made clear.[2]
[1] https://www.youtube.com/watch?v=uegOUmgKB4E https://www.youtube.com/watch?v=uegOUmgKB4E
[2] http://mises.org/books/socialism.pdf http://mises.org/books/socialism.pdf