3 ms·
Indeed, the main concept of economics is scarcity, not free market or anything like that. Actualy, the basic rules of economics are felt even stronger in non-fr
by miloshh 17y ago
Indeed, the main concept of economics is scarcity, not free market or anything like that. Actualy, the basic rules of economics are felt even stronger in non-free markets.
I still remember when I was a kid growing up in communism, there would be days with no potatoes in any store in the city, but there were heaps of rotting oranges that nobody wanted, while the store was not allowed to lower their price. Butchers and gas station operators were among the richest citizens, since those jobs allowed for the easiest cheating on both customers and the state.
While economics is nowhere near an exact science, some people would do better to learn about its very foundations, rather than write lengthy, post-modern-sounding, uninformed criticisms of it.