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That wasn't my central claim. You picked up on a fairly irrelevant aside. My claim was: 'My point being, it's not as clear cut when there's 'crony capitalism'
by Multics 12y ago
That wasn't my central claim. You picked up on a fairly irrelevant aside. My claim was:
'My point being, it's not as clear cut when there's 'crony capitalism' and other market distortions.'
I don't believe the Austrian school has any such formal models.