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As per the comments on the article Peter Klein has done work on this. Market forces give prices which allow sensible and efficient economic calculation. When a
by skylan_q 12y ago
As per the comments on the article Peter Klein has done work on this.
Market forces give prices which allow sensible and efficient economic calculation. When a firm is large and creates unique intermediate products/capital and performs intermediate services, it becomes difficult to tell if they are being done in an efficient manner because these things have no prices.